Singularity Future Technology amends subscription agreement; adds conditions for warrant issuance

Singularity Future Technology Ltd.

Amendment, dated Jan 26, 2024, modifies Nov 15, 2023 subscription agreement with 10 investors.
Original deal: 17M shares and 17M warrants at $0.607 per share, aggregate price $9.86M.
Amendment requires Nasdaq authorization and stockholder approval before warrants can be issued to investors.
Warrants are held back until conditions are satisfied; no change to aggregate price or share count.
Company must seek stockholder approval for warrant issuance under Nasdaq rules.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Singularity Future Technology Ltd. amended Amendment with ten individual investors (effective 2024-01-26).

Action: amendment
Agreement: equity purchase
Counterparty: ten individual investors
Effective: 2024-01-26

Exact text from the filing

On January 26, 2024, the Company entered into an Amendment to Subscription Agreement (the “Amendment”) with the Investors.

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Singularity Future Technology Ltd. filing history →

Source: SEC EDGAR

accession 0001213900-24-007917

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