Singularity Future Technology Ltd. (NASDAQ: SGLY) has completed a registered direct offering of approximately $5.0 million, according to a filing with the U.S. Securities and Exchange Commission.
The company issued 1,562,500 shares of common stock or pre-funded warrants at a price of $3.20 per share, executed as an at-the-market offering under Nasdaq rules. The transaction was facilitated by Univest Securities, LLC, the sole placement agent, which is a FINRA and SIPC member firm based in New York.
Proceeds from the offering will be used to fund the company’s logistics operations, expand its integrated freight solutions, and support general corporate purposes. The offering was conducted under a shelf registration statement on Form S-3 (File No. 333-282006), which was declared effective by the SEC on October 24, 2024.
Singularity Future Technology, founded in 2001 and headquartered in the United States, provides end-to-end logistics services including shipping, warehousing, equipment, and logistical support primarily to steel manufacturers and e-commerce businesses.
