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Signing Day Sports (SGN) Stock Soars 107% as Blockchain Merger Exchange Ratio Is Locked In
Signing Day Sports (SGN) stock surged over 107% after the exchange ratio for its three-way merger with BlockchAIn Digital Infrastructure and One Blockchain LLC was locked in. SGN stockholders are guaranteed at least 8.5% ownership of BlockchAIn post-merger, and the SEC has declared the Form S-4 registration statement effective, moving the deal closer to completion. The stock’s dramatic rise reflects significant retail interest following the merger news, despite a low analyst price target.