Singularity Future Technology enters $30M private placement and settles class action for $3M cash + 6.5M shares

Singularity Future Technology Ltd.

Agreement to sell 32,188,841 units at $0.932/unit to 18 non-US investors for ~$30M; each unit = 1 share + 3 warrants at $1.165.
Warrants exercisable for 5 years; cashless exercise allowed after 6 months if no effective registration statement.
Closing requires shareholder approval and other customary conditions.
Class action settlement: $3M cash + 6.5M freely tradeable shares; put option at $0.85/share if 10-day average below $0.85.
Definitive settlement agreement to be executed within 60 days; subject to court approval.

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