Singularity Future Technology (SGLY) has released an update to notify the public and investors about an entry into a material definitive agreement.
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On November 15, 2023, Singularity Future Technology Ltd. agreed to sell 17 million shares and an equal number of warrants to ten investors for $9.86 million. An amendment to the agreement was made on January 26, 2024, which requires Nasdaq authorization and stockholder approval before issuing the warrants.
For further insights into SGLY stock, check out TipRanks’ Stock Analysis page.
For a comprehensive understanding of the announcement, you can read the full document here.
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