Singularity Future Technology Ltd. (NASDAQ: SGLY) has priced a registered direct offering of common stock and pre-funded warrants, raising approximately $1.8 million in gross proceeds.
The offering consists of 600,000 shares of common stock priced at $3 per share. The company may issue pre-funded warrants to certain purchasers in lieu of common stock. The transaction is being conducted under a shelf registration statement on Form S-3 (File No. 333-282006), which became effective with the U.S. Securities and Exchange Commission on October 24, 2024.
Univest Securities, LLC serves as the sole placement agent for the deal. The offering is expected to close on or about Wednesday, subject to customary closing conditions. A final prospectus supplement and accompanying prospectus will be filed with the SEC and made publicly available.
Singularity Future Technology, founded in 2001 and headquartered in the United States, provides freight logistics services including shipping, warehousing, and equipment support. The company primarily serves steel manufacturers and e-commerce businesses.
