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Singularity Future Technology ( (SGLY) ) has shared an update.
On June 19, 2025, Singularity Future Technology Ltd. entered into a securities purchase agreement with eighteen investors to sell 32,188,841 units, each consisting of one share of common stock and three warrants, for approximately $30 million. This private placement aims to strengthen the company’s financial position by attracting non-U.S. investors. Additionally, the company has been involved in a class action lawsuit filed in December 2022, alleging violations of federal securities laws. A settlement agreement was reached on May 29, 2025, where the company agreed to pay $3 million in cash and offer 6,500,000 shares to resolve the claims, subject to court approval.
More about Singularity Future Technology
Singularity Future Technology Ltd. operates within the technology sector, focusing on the development and sale of innovative technology solutions. The company is engaged in the production and distribution of advanced technological products and services, aiming to cater to a global market.
Average Trading Volume: 417,041
Technical Sentiment Signal: Sell
Current Market Cap: $4.62M
Learn more about SGLY stock on TipRanks’ Stock Analysis page.