Signing Day Sports Shares Soar On Advancement of Business Combination with One Blockchain

By Nicholas G. Miller

Shares of Signing Day Sports soared Friday after the company said it was advancing a business combination with One Blockchain, a bitcoin mining and high-powered computing company.

Signing Day Sports stock rose 89% to $2.34, continuing a 189% surge over the previous three months.

The sports recruitment company first said in April that it intended to acquire 100% of the issued and outstanding membership interest of One Blockchain and form a new company with Signing Day Sports and One Blockchain as subsidiaries.

On Friday, Signing Day Sports confidentially submitted a draft registration statement of the business combination to the Securities and Exchange Commission.

Write to Nicholas G. Miller at nicholas.miller@wsj.com.