Singularity Future Technology effects 1-for-10 reverse stock split to meet Nasdaq bid price rule

Singularity Future Technology Ltd.

Reverse split effective Feb 9, 2024; shares trade split-adjusted on Nasdaq starting Feb 12 under symbol SGLY.
Pre-split outstanding shares of 34,515,526 reduced to approximately 3,451,553; fractional shares rounded up.
Split intended to raise per-share price above $1.00 minimum bid for continued Nasdaq listing.
Authorized share count unchanged; new CUSIP is 82935V 307.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Singularity Future Technology Ltd.: Effectuated a 1-for-10 reverse stock split via amendment to Amended and Restated Articles of Incorporation (effective 2024-02-09).

Change: charter amendment
Effective: 2024-02-09

Exact text from the filing

On February 9, 2024, Singularity Future Technology Ltd. (the “Company”) effectuated a 1-for-10 reverse stock split of its common stock.

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Singularity Future Technology Ltd. filing history →

Source: SEC EDGAR

accession 0001213900-24-014317

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