Singularity Future Technology Ltd. (NASDAQ: SGLY) has closed a registered direct offering, raising approximately $1.8 million through the sale of common stock or pre-funded warrants.
The transaction involved the issuance of 600,000 shares at a price of $3.00 per share to a single institutional investor. Univest Securities, LLC served as the sole placement agent for the deal.
The offering was conducted under a shelf registration statement on Form S-3, as amended (File No. 333-282006), which the U.S. Securities and Exchange Commission declared effective on October 24, 2024. A final prospectus supplement and accompanying prospectus were subsequently filed with the regulator.
Singularity Future Technology, founded in the United States in 2001, provides logistics solutions including freight services, warehouse management, and equipment support primarily to steel manufacturers and e-commerce businesses.
