Singularity Future Technology prices $1.8M direct offering at $3 a share

Singularity Future Technology Ltd. (NASDAQ: SGLY) announced it has entered into a securities purchase agreement with an institutional investor for a registered direct offering of 600,000 shares of common stock, or pre-funded warrants in lieu of common stock, priced at $3 per share.

The company expects gross proceeds of approximately $1.8 million before deducting placement agent fees and other offering expenses. The offering is expected to close on or about August 19, 2026, subject to customary closing conditions.

Univest Securities, LLC is acting as the sole placement agent for the transaction.

The offering is being made pursuant to a shelf registration statement on Form S-3 that was previously filed with the U.S. Securities and Exchange Commission and became effective on October 24, 2024.

Singularity Future Technology is a logistics services provider founded in the United States in 2001, focused on freight logistics including shipping, warehousing, and logistical support for steel companies and e-commerce businesses.

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