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Singularity Future Technology ( (SGLY) ) has issued an announcement.
On January 24, 2025, Singularity Future Technology Ltd. announced a securities purchase agreement to sell 700,000 shares of its Common Stock in a registered direct offering, which closed on January 27, 2025, generating approximately $1.14 million in gross proceeds. The offering, led by Maxim Group LLC as the sole placement agent, is intended to support the company’s working capital and general corporate purposes, potentially impacting its operations and market presence positively.
More about Singularity Future Technology
Singularity Future Technology Ltd. is a global logistics integrated solution provider founded in the United States in 2001. The company primarily focuses on providing freight logistics services, which include shipping, warehouse, resources, equipment, and other logistical support to steel companies and e-commerce businesses.
YTD Price Performance: -12.83%
Average Trading Volume: 99,696
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $5.71M
See more insights into SGLY stock on TipRanks’ Stock Analysis page.
