Singularity Future Technology enters $9.86M private placement of 17M shares and warrants

Singularity Future Technology Ltd.

Sold 17M shares and 17M warrants to ten investors at $0.58/unit, raising $9.86M.
Warrants exercisable at $0.607/share; shares locked 6 months, warrants 30 days.
Issuance subject to Nasdaq authorization; securities are unregistered.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Singularity Future Technology Ltd. entered into Subscription Agreement with ten individual investors valued at US$9,860,000 (effective 2023-11-15).

Action: entry
Agreement: equity purchase
Counterparty: ten individual investors
Value: US$9,860,000
Effective: 2023-11-15

Exact text from the filing

On November 15, 2023, Singularity Future Technology Ltd. (the “Company”) entered into a Subscription Agreement with ten individual investors, under which the Company agrees to sell to the investors an aggregate of 17,000,000 shares of its common stock and 17,000,000 warrants, with each warrant initially exercisable to purchase one share of common stock at an exercise price of $0.607 per share, at an aggregate price at US$9,860,000 in a private placement.

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Singularity Future Technology Ltd. filing history →

Source: SEC EDGAR

accession 0001213900-23-089305

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