Signing Day Sports Announces Strategic Acquisition of Swifty Global

Signing Day Sports, Inc., known for its innovative apps that support hiring high school athletes, announced a pivotal acquisition of 95% to 99% of Swepty Global, a key player in sports and casino technology. The acquisition marks the start of a comprehensive growth strategy to acquire and build companies in the sports and casino technology sectors and other related sectors.

Full investment deal to amplify functionality:

The acquisition, which consists of a full share transaction, will allow Signing Day Sports to issue securities to Swifty Global's controlling shareholders, consolidating professional and technical assets without cash payments. This strategic alliance will enhance Signing Day Sports' services in the digital and physical sports recruitment and casino technology environment.

Led by British CEO and seasoned technology entrepreneur James Gibbons, Swift Global boasts an scalable GLI-certified technology stack with active gaming licenses in several jurisdictions, including the United Kingdom, Ireland, South Africa, and Curacao, and plans to expand into Malta. Despite significant reinvestment in technology and licenses in the fiscal year ending Dec. 31, 2023, Swift has achieved more than $128 million in revenue and net income of approximately $2.44 million.

After the acquisition, Swift Global will continue to operate its existing management team while becoming a key component of its Signing Day Sports portfolio, enhancing software offerings and accelerating product development. The acquisition is expected to leverage Swift's in-house development team to significantly reduce costs and accelerate the launch of new features and platforms.  파워볼사이트

As Signing Day Sports reported via Globe Newswire, Swiftie CEO James Gibbons said, "After months of close cooperation, we are excited to conclude a binding contractual timeline with Signing Day Sports. The contractual timeline establishes a transaction framework and value. Over the past four years, our team has relentlessly worked to develop and grow our business organically in a profitable, cash-positive way with minimal dilution without debt, and has won numerous licenses and regulatory approvals worldwide in a highly regulated sector, which we believe demonstrates our ability to successfully execute our dynamic business plans in multiple jurisdictions. After three years of software development and millions of dollars in investment, the company is now perfectly positioned for fast growth and acquisitions through Signing Day Sports, giving Swift a platform to execute on its growth plans."

Management and Strategic Prospects:

Following the completion of the transaction, which is expected to be on October 31, 2024, James Gibbons will become CEO of Signing Day Sports and Swiftie Global, leading an expanded operation towards innovative market solutions in sports technology and casino gaming. The merger is expected to establish a strong platform for fast growth and market targeting.

The acquisition is expected to bring Signing Day Sports to the forefront of the sports technology and online gaming market, combining educational and recruiting skills with Sweetie's gaming solutions. The acquisition is expected to diversify Signing Day Sports' revenue streams as well as solidify its position in the competitive market, paving the way for future expansion and technological advancement.

The post-trading governance structure includes a balanced board of directors, and complies with the New York Stock Exchange American Regulations to ensure strategic oversight in line with industry best practices and shareholder interests. This structured approach is designed to promote strong corporate governance and operational efficiency across both companies.

The strategic acquisition not only allows Signing Day Sports to expand its technology and market presence, but also sets new standards for sports recruitment and integration of casino gaming technology. This move is expected to drive significant growth, drive innovation, and enhance shareholder value in the evolving sports and gaming market.