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BCS

Current Report · Items 1.01, 7.01, 9.01 · 8-K

Singularity Future Technology Ltd.

SGLYNASDAQEQUITYCurrent

Entry into a Material Definitive Agreement · Regulation FD Disclosure

Item 1.01. Entry into a Material Definitive Agreement Registered Direct Offering On January 24, 2025, Singularity Future Technology Ltd. (the “ Company ”) entered into certain securities purchase agreement (the “ Purchase Agreement ”) with certain non-affiliated institutional investors (the “ Purchasers ”) pursuant to which the Company agreed to sell 700,000 shares of its Common Stock (“ Common St…

Filed Jan 27, 2025Accepted Jan 27, 2025, 11:30 AM ESTCIK 1422892Accession 0001213900-25-007014
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Company context

The Company is a global logistics integrated solution provider that was founded in the United States in 2001. The Company primarily focuses on providing freight logistics services, which mainly include shipping, warehouse, resources, equipment, and other logistical support to steel companies and e-commerce businesses.

Current securities

Recent company filings

  1. DEFR14A filingOct 27, 2026
  2. 10-K filingSep 29, 2026
  3. NT 10-K filingSep 29, 2026
  4. PRER14A filingSep 2, 2026
  5. DEF 14A filingAug 27, 2026

Disclosure sections

Items 1.01, 7.01, 9.01

Select an item to read the extracted section. The as-filed document remains the primary evidence.

Item 1.01Item 1.01 - Entry into Material Agreement
Item 1.01. Entry into a Material Definitive Agreement Registered Direct Offering On January 24, 2025, Singularity Future Technology Ltd. (the “ Company ”) entered into certain securities purchase agreement (the “ Purchase Agreement ”) with certain non-affiliated institutional investors (the “ Purchasers ”) pursuant to which the Company agreed to sell 700,000 shares of its Common Stock (“ Common Stock ”) in a registered direct offering (the “ Offering ”), for gross proceeds of approximately $1.14 million. The purchase price for each share of Common Stock is $1.63. The Purchase Agreements contain customary representations, warranties and agreements by the Company, customary conditions to closing, indemnification obligations of the Company, other obligations of the parties, and termination provisions. In addition, the Company agreed that for a period of thirty (30) days from the closing date of the Offering, it will not, including but not limited to,: (i) issue, enter into any agreement to issue or announce the issuance or proposed issuance of any shares of capital stock or equivalent securities; or (ii) file or caused to be filed any registration statement or amendment or supplement thereto, subject to certain limited exceptions. In addition, the Company agreed that it will not conduct any sales of Ordinary Shares or equivalent securities involving a variable rate transaction (as defined in the Purchase Agreement) for a period of thirty (30) days from the closing date of the Offering, subject to certain exceptions as described in the Purchase Agreements. The Company currently intends to use the net proceeds from the Offering for working capital and general corporate purposes. The Offering closed on January 27, 2025. The Company also entered into certain placement agency agreement dated January 24, 2025 (the “ Placement Agency Agreement ”), with Maxim Group LLC, as exclusive placement agent (the “ Placement Agent ”), pursuant to which the Placement Agent agreed to act as the sole lead/exclusive placement agent in connection with the Offering. The Company agreed to pay the Placement Agent an aggregate fee equal to 7% of the gross proceeds raised in the Offering. The Company also agreed to reimburse the Placement Agent up to an aggregate of $50,000 for the for non-accountable expenses and reasonable and accounted fees and expenses of legal counsel. Furthermore, the Placement Agent was granted a right of first refusal for a period of twelve (12) months from the closing date of the Offering. Copies of the form of the Purchase Agreement and the form of the Letter Agreement are attached hereto as Exhibits 10.1 and 10.2, respectively, and are incorporated herein by reference. The foregoing summary of the terms of the Purchase Agreement and the Letter Agreement is subject to, and qualified in its entirety by such documents. A copy of the legal opinion issued by the Company’s Virginia counsel, VCL Law LLP, is attached hereto as Exhibit 5.1. This Report shall not constitute an offer to sell any securities or a solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Item 7.01Item 7.01 - Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On January 24, 2025, the Company issued a press release announcing the Offering. A copy of the press release is furnished hereto as Exhibit 99.1 and is incorporated herein by reference. The information included in Item 7.01 of this Current Report on Form 8-K and Exhibit 99.1 attached hereto is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in any such filing. Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description ────────────────────────────────────────────────────────────────────────── 5.1 Legal Opinion of VCL Law LLP 10.1 Form of the Purchase Agreement 10.2 Form of the Placement Agency Agreement 99.1 Press Release on Pricing of the Company’s Offering 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
Filed exhibits (1)
EX-99.1 (by filename) ea022883501ex99-1_singular.htm

EX-99.1 5 ea022883501ex99-1_singular.htm PRESS RELEASE ON PRICING OF THE COMPANY'S OFFERING Exhibit 99.1 Singularity Announces Pricing of $1.1 Million Registered Direct Offering 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 Company’s 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 agent’s fees and other estimated offering expenses payable by the Company. 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. 333-282006), w…

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