Why Signing Day Sports (SGN) stock is jumping premarket: BlockchAIn merger exchange ratio
Signing Day Sports (SGN) jumped 26% to $0.52 in premarket trading after outlining the exchange ratio for its planned merger with BlockchAIn Digital Infrastructure. The ratio will use SGN’s closing price before the deal, divided by 7.5, with SGN holders guaranteed at least 8.5% of BlockchAIn’s shares post-merger. The final ratio depends on SGN’s price at closing. A shareholder vote is set for March 13.
