Singularity Future Technology raises $1.1M in registered direct offering of 700K shares at $1.63/share

Singularity Future Technology Ltd.

700,000 common shares sold at $1.63 each for gross proceeds of ~$1.14M (press release states ~$1.1M).
Maxim Group LLC acted as placement agent with 7% fee plus $50K expense reimbursement and 12-month right of first refusal.
Company agreed to 30-day lockup on further equity issuances and variable rate transactions.
Net proceeds to be used for working capital and general corporate purposes.
Offering closed on January 27, 2025.

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