Form 4: Director Borish Converts SGN Shares to BlockchAIn Equity

Peter F. Borish, a director and 10% owner of Signing Day Sports, Inc., converted his shares into BlockchAIn Digital Infrastructure, Inc. equity following a business combination.

Summary

• Peter F. Borish, a director and 10% owner of Signing Day Sports, Inc., reported a change in beneficial ownership.
• The change occurred on March 16, 2026, as a result of a Business Combination Agreement dated May 27, 2025.
• Borish disposed of 176,232 shares of Signing Day Sports, Inc. common stock.
• He received 0.09334 common shares of BlockchAIn Digital Infrastructure, Inc. for each Signing Day Sports share.
• The BlockchAIn shares had a market value of $4.60 per share, based on the first reported sale price on NYSE American LLC on March 17, 2026.
• Following the transaction, Borish's direct beneficial ownership in Signing Day Sports, Inc. common stock is 0.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a positive development for the reporting person, as it signifies the successful completion of a strategic business combination and the conversion of equity into a new, publicly traded entity.

Positives

• The completion of the Business Combination Agreement indicates a successful strategic transaction for Signing Day Sports, Inc. shareholders, including Peter F. Borish.
• Shareholders of Signing Day Sports, Inc. received shares in BlockchAIn Digital Infrastructure, Inc., which began trading on NYSE American LLC, providing liquidity and a new investment vehicle.

Negatives

• Peter F. Borish no longer holds direct beneficial ownership in Signing Day Sports, Inc. common stock, indicating a full divestment from the original entity.

Risks

• The value of the newly acquired BlockchAIn Digital Infrastructure, Inc. shares is subject to market fluctuations.
• Future performance of BlockchAIn Digital Infrastructure, Inc. will determine the long-term value for former Signing Day Sports, Inc. shareholders.

Future Outlook

The filing primarily reports a past transaction related to a business combination. It does not contain explicit forward-looking statements or guidance from management regarding future performance or strategy of the combined entity.

Industry Context

StockSavvy.ai notes that this transaction reflects a trend of consolidation and strategic realignment within the digital infrastructure and sports technology sectors. The move to BlockchAIn Digital Infrastructure, Inc. suggests a pivot towards blockchain-related assets or services, potentially seeking to capitalize on emerging technologies.

Comparison to Industry Standards

• The conversion ratio and share price are specific to this particular business combination and cannot be directly compared to general industry standards without knowing the specific terms of other similar mergers.
• The listing of BlockchAIn on NYSE American LLC provides a public market for the new entity, aligning with standard practices for companies emerging from business combinations.

Stakeholder Impact

• Shareholders of Signing Day Sports, Inc.: Their shares were converted into BlockchAIn Digital Infrastructure, Inc. shares, indicating a change in their investment vehicle and potentially a new strategic direction.
• Peter F. Borish (Director/10% Owner): His direct beneficial ownership in Signing Day Sports, Inc. is now zero, and he holds equity in the new combined entity.

Key Dates

Keywords

Signing Day Sports, SGN, BlockchAIn Digital Infrastructure, Business Combination, Merger, Form 4, Insider Trading, Peter Borish, Equity Conversion, NYSE American