Singularity Announces Pricing of $1.1 Million Registered Direct Offering

Core Viewpoint - Singularity Future Technology Ltd. has announced a registered direct offering of 700,000 shares of its common stock at a price of $1.63 per share, aiming to raise approximately $1.1 million before expenses [1][2]. Group 1: Offering Details - The offering is expected to close around January 27, 2025, pending customary closing conditions [2]. - Maxim Group LLC is serving as the sole placement agent for this offering [2]. - The shares are being offered under a shelf registration statement that was declared effective by the SEC on October 24, 2024 [3]. Group 2: Company Overview - Singularity Future Technology Ltd. is a global logistics integrated solution provider, founded in the United States in 2001 [5]. - The company primarily focuses on freight logistics services, including shipping, warehousing, resources, equipment, and logistical support for steel companies and e-commerce businesses [5].