Swifty Global enters pending merger acquisition agreement with Signing Day Sports
The two have signed a binding letter of intent.
Swifty Global has signed a binding letter of intent regarding a merger acquisition deal with Signing Day Sports.
Under the terms of the pending agreement, Signing Day Sports would purchase Swifty, which would operate as one of the company’s subsidiaries and transition onto the New York Stock Exchange.
Swifty Global noted that the deal “will provide access to growth capital, enabling the company to accelerate its expansion.”
Swifty CEO James Gibbons further commented on the pending deal by saying, “We are extremely excited about this opportunity to be acquired by and to operate as a subsidiary of Signing Day Sports; this comes as a result of our last four years of hard work and exceptional result and strong company balance sheet.
“It was always the company’s goal and the major milestone for the company to operate on a major exchange allowing access to greater exposure, capital, credibility and ultimately delivering true value for our shareholders.”
Signing Day CEO Daniel Nelson echoed similar excitement for the merger and said that the company is pleased to work with the Swifty team toward a smooth transition.
He said in closing, “The Signing Day team and board are excited to have signed the Binding Letter of Intent and are working closely with the Swifty team to finalize the transaction as quickly as possible. We believe this partnership will significantly enhance SGN’s shareholder value and allow both companies to capitalize on technological advantages, financial scale, profitability, and cash flow, positioning us for strong growth as we pursue our aggressive expansion plans.
“The transition from a private company to a public microcap on the NYSE American has been a transformative journey. We’re eager to enter this new chapter, working alongside the Swifty team to build a successful, profitable global business from a solid foundation. James and the Swifty team are aiming to achieve a billion-dollar turnover in the coming years, and we’re excited to be part of this incredible journey.”
Tags/Keywords
Players trust our reporting due to our commitment to unbiased and professional evaluations of the iGaming sector. We track hundreds of platforms and industry updates daily to ensure our news feed and leaderboards reflect the most recent market shifts. With nearly two decades of experience within iGaming, our team provides a wealth of expert knowledge. This long-standing expertise enables us to deliver thorough, reliable news and guidance to our readers.
Latest News
