---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-057078"
form_type: "8-K"
ticker: "SGLY"
cik: "0001422892"
company_name: "Singularity Future Technology Ltd."
filed_at: "2023-07-14T23:59:59+00:00"
generated_at: "2026-06-13T08:09:00.835030+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Singularity Future receives Nasdaq delisting notices for board independence and bid price; terminates COO

## Summary
- Received Nasdaq notice on July 13, 2023, for failing independent director/audit committee rule after Tieliang Liu's resignation; cure period until July 2024 or Jan 2024.
- Failed to regain $1 bid price compliance after initial 180-day period ended July 5, 2023; granted second 180-day period until Jan 2, 2024.
- Company plans to regain bid price compliance via reverse stock split if necessary.
- Terminated COO Shan Jing for cause, effective July 10, 2023.
- Nasdaq's second bid price extension conditioned on meeting other listing requirements and company's intent to cure.

## SEC filing metadata
- accession: 0001213900-23-057078
- form_type: 8-K
- ticker: SGLY
- cik: 0001422892
- company_name: Singularity Future Technology Ltd.
- filed_at: 2023-07-14T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1422892/000121390023057078/0001213900-23-057078-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1422892/000121390023057078/ea181819-8k_singularity.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-057078
- JSON: https://secwatch.observer/filing/0001213900-23-057078.json
- Plain text: https://secwatch.observer/filing/0001213900-23-057078.txt

## Key facts
- Listing & Compliance Notices
  Singularity Future Technology Ltd. received a nasdaq deficiency notice notice regarding audit committee (rules 5605(c)(4)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: audit committee
  - Rules: 5605(c)(4)
  source text: July 13, 2023, Singularity Future Technology Ltd. (the “Company” or the “Registrant”) received a notice from The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company no longer complies with Nasdaq’s independent director and audit committee requirements under Nasdaq’s Listing Rule 5605 following the resignation of Tieliang Liu from the Company’s board of directors and audit committee effective July 3, 2023. Nasdaq advised the Company that in accordance with Nasdaq’s Listing Rule 5605(c)(4), the Company has a cure period to regain compliance (1) until the earlier of the Company’s next ann
  evidence_url: https://www.sec.gov/Archives/edgar/data/1422892/000121390023057078/0001213900-23-057078-index.htm
- Listing & Compliance Notices
  Singularity Future Technology Ltd. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5605(c)(4), 5605).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: minimum bid price
  - Rules: 5605(c)(4), 5605
  source text: July 13, 2023, Singularity Future Technology Ltd. (the “Company” or the “Registrant”) received a notice from The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company no longer complies with Nasdaq’s independent director and audit committee requirements under Nasdaq’s Listing Rule 5605 following the resignation of Tieliang Liu from the Company’s board of directors and audit committee effective July 3, 2023. Nasdaq advised the Company that in accordance with Nasdaq’s Listing Rule 5605(c)(4), the Company has a cure period to regain compliance (1) until the earlier of the Company’s next ann
  evidence_url: https://www.sec.gov/Archives/edgar/data/1422892/000121390023057078/0001213900-23-057078-index.htm
- Executive change
  Shan Jing was terminated as Chief Operating Officer at Singularity Future Technology Ltd..
  - Action: terminated
  - Role: Chief Operating Officer
  source text: On July 10, 2023, Company terminated the employment of its Chief Operating Officer Shan Jing with cause.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1422892/000121390023057078/0001213900-23-057078-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.