Singularity Future Technology prices $5M direct offering at $3.20 per share

Singularity Future Technology Ltd. (NASDAQ: SGLY) has entered into securities purchase agreements with institutional investors for a registered direct offering of 1,562,500 shares of common stock, or pre-funded warrants in lieu of common stock, priced at $3.20 per share.

The offering is expected to generate gross proceeds of approximately $5.0 million before placement agent fees and other expenses. The company said it plans to use the proceeds for a planned data center business. The offering was expected to close on or about August 21, 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 became effective with the U.S. Securities and Exchange Commission on October 24, 2024.

Singularity Future Technology describes itself as a global logistics integrated solution provider, primarily offering freight logistics services including shipping, warehousing, and logistical support to steel companies and e-commerce businesses.

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