Singularity Future Technology raises about $6.8 million in two share offerings
Singularity Future Technology Ltd. sold common stock and pre-funded warrants in two registered direct offerings, dated August 18 and August 20, 2026, for gross proceeds of about $1.8 million and $5.0 million before fees and expenses. The company will use the proceeds for working capital and, in the second offering, its planned data center business, and the new shares and warrants add to the share count shareholders own.
Key points
- First offering, closed August 19, 2026: 340,000 common shares at $3.00 each plus pre-funded warrants for 260,000 shares, for about $1.8 million gross.
- Second offering, closed August 21, 2026: 451,250 common shares at $3.20 each plus pre-funded warrants for up to 1,111,250 shares, for about $5.0 million gross.
- Placement agent Univest Securities LLC receives a fee of 7% of gross proceeds, and the company agreed not to issue more shares or file new registration statements for 30 days after the closings.
- The Purchaser's right to buy up to an additional 100% of its first-offering shares, which ran through September 18, 2026, was terminated.
The filing
Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 24, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.