Singularity Future Technology (SGLY) Prices 700K Share Offering at $1.63/sh

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Singularity Announces Pricing of $1.1 Million Registered Direct Offering

January 24, 2025 12:08 PM EST

New York, N.Y., Jan. 24, 2025 (GLOBE NEWSWIRE) -- Singularity Future Technology Ltd. (Nasdaq: SGLY) (Singularity or the Company), today announced that it has entered into securities purchase agreements with several institutional investors to purchase an aggregate of 700,000 shares of the Companys common stock (the Common Stock) in a registered direct offering. The shares of Common Stock are being sold at an offering price of $1.63 per share.

The gross proceeds to the Company from the registered direct offering are estimated to be approximately $1.1 million before deducting the placement... More