Singularity Announces Pricing of $1.1 Million Registered Direct Offering
Summary
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 offering is expected to close on or about January 27, 2025, subject to the satisfaction of customary closing conditions.Maxim Group LLC is acting as the sole placement agent in connection with the offering.The Common Stock is being offered pursuant to a shelf registration statement on Form S-3, as amended (File No. When available, copies of the prospectus supplement relating to the registered direct offering, together with the accompanying prospectus, can be obtained at the SECs website at www.sec.gov or from Maxim Group LLC, 300 Park Avenue, New York, NY 10022, Attention: Syndicate Department, or via email at syndicate@maximgrp.com or telephone at (212) 895-3500.About Singularity Future Technology Ltd.The Company is a global logistics integrated solution provider that was founded in the United States in 2001. Investors can identify these forward-looking statements by words or phrases such as may, will, expect, anticipate, aim, estimate, intend, plan, believe, potential, continue, is/are likely to or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law.