Highest-materiality recent filing
Amended settlement agreement for $5.8M total; $2M in escrow, $1.5M due in 15 days, $2.3M in 60 days.
Singularity Future granted additional 180-day Nasdaq compliance period through Nov 16, 2026
Company must maintain $1.00 closing bid for 10 consecutive days by November 16, 2026 to regain compliance.
Nasdaq notice on Nov 19, 2025: common stock failed to maintain $1 minimum bid price for 30 consecutive business days.
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.
CFO Ying Cao resigns; Chee Jiong Ng appointed as new CFO
CFO Ying Cao resigned Feb 20, 2025 for personal reasons; no disagreement with company.
700,000 common shares sold at $1.63 each for gross proceeds of ~$1.14M (press release states ~$1.1M).
Singularity Future settles SEC probe over restatements; to pay $350K penalty
Company reached resolution with SEC on Jan 17, 2025, regarding investigation into accounting restatements.
Singularity Future regains Nasdaq bid price compliance; hearing cancelled
Received Nasdaq notification on March 12, 2024 confirming compliance with Listing Rule 5550(a)(2) minimum bid price.
Singularity Future Technology effects 1-for-10 reverse stock split to meet Nasdaq bid price rule
Reverse split effective Feb 9, 2024; shares trade split-adjusted on Nasdaq starting Feb 12 under symbol SGLY.
Singularity Future Technology receives Nasdaq delisting notice over bid price failure; will appeal
Received Staff determination letter on Jan 3, 2024 for failure to comply with Nasdaq $1 bid price rule (Listing Rule 5550(a)(2)).
Singularity Future Technology enters $9.86M private placement of 17M shares and warrants
Sold 17M shares and 17M warrants to ten investors at $0.58/unit, raising $9.86M.
Nasdaq grants Singularity Future Technology extension to Dec 27 for annual meeting or face delisting
Regained compliance with independent director/audit committee rules by appointing Zhongliang Xie to board on July 31, 2023.
Received Nasdaq notice on July 13, 2023, for failing independent director/audit committee rule after Tieliang Liu's resignation; cure period until July 2024 or Jan 2024.
Nasdaq warns Singularity Future Technology for failure to hold 2022 annual meeting
Received Nasdaq notice on July 7, 2023 for noncompliance with Listing Rule 5620(a) due to missing annual meeting for FY2022.
Singularity Future settles with former CEO; independent probe finds no Red Notice or prosecution
On July 3, 2023, Singularity entered a Settlement and Release Agreement with former CEO Yang Jie resolving all claims against the company.
Singularity Future Technology settles securities lawsuits for $10.5M; shares to be cancelled
Company to pay $10,525,910.82 to settle six plaintiffs' claims of securities law violations, fraud, and breach of contract.
Nasdaq notified Singularity on March 8, 2023 that it no longer complies with Listing Rule 5605 audit committee requirement.
Non-reliance on FY2021 financials due to $4.6M related party loan error; net loss revised from $6.7M to $11.3M.
FY2021 net loss restated from $6.7M to $11.3M due to $4.5M accounts receivable accounting error.
Singularity Future Tech gets additional Nasdaq delisting notice; director resigns
Received additional staff determination from Nasdaq for failure to file Form 10-Q for quarter ended Dec 31, 2022.
Singularity board chair Lei Cao resigns, forfeits 600k shares amid investigations
Lei Cao resigns as director and employee effective Jan 9, 2023; board chair role ends.
Singularity Future Technology receives Nasdaq bid price deficiency notice
Received Nasdaq notice on Jan 5, 2023 for failure to maintain minimum $1 bid price for 30 consecutive business days.
SOSNY lawsuit over $200M crypto mining rig PSA settled; Singularity pays $13M to SOSNY, suit dismissed with prejudice.
Singularity Future receives Nasdaq continued listing grant with Feb 28 filing deadline
Panel granted continued listing on Nasdaq subject to evidencing compliance with filing requirement by Feb 28, 2023.
Singularity receives additional Nasdaq delisting notice for late Q3 filing; CTO resigns
Received additional Nasdaq Staff determination on Nov 16, 2022 for failure to file Form 10-Q for quarter ended Sep 30, 2022.
Singularity receives SDNY and SEC subpoenas; special committee investigation ongoing
Received subpoenas from US Attorney's Office for SDNY and SEC; cooperating fully.
Nasdaq determined compliance plan not definitive; cited short timeframe, need for new auditor, and CEO/CFO departures.
Singularity Future Technology fires CFO Tuo Pan for cause, no successor named
CFO Tuo Pan terminated for cause on August 31, 2022, effective immediately.
On February 20, 2025, Mr. Ying Cao resigned from his position as the chief financial officer (“ CFO ”) of Singularity Future Technology Ltd. (the “ Company ”).
On February 21, 2025, the board of directors of the Company (the “ Board ”) appointed Mr. Chee Jiong Ng as the CFO of the Company to fill the vacancy resulting from Mr. Ying Cao’s resignation.
On November 18, 2024, the Nominating and Corporate Governance Committee of the Board nominated and the Board appointed Ms. Jia Yang as the CEO of the Company and the chairwoman of the Board to fill the vacancy resulting from Mr. Ziyun Liu’s resignation.
On November 18, 2024, the Nominating and Corporate Governance Committee of the Board nominated and the Board appointed Mr. Jinhao Pang as the manager of the Technology Department of the Company and an executive director of the Board.
On November 16, 2024, Mr. Ziyun Liu resigned from his position as the chief executive officer (“ CEO ”) of Singularity Future Technology Ltd. (the “ Company ”) and as a director and the chairman of the board of directors of the Company (the “ Board ”).
On July 31, 2024, Mr. Haotian Song resigned from his position as a vice president of Singularity Future Technology Ltd. (the “ Company ”) and as a director of the board of directors of the Company (the “ Board ”).
On August 6, 2024, the Nominating and Corporate Governance Committee of the Board nominated and the Board appointed Ms. Jia Yang as a vice president of the Company and as a director of the Board to fill the vacancy resulting from Mr. Haotian Song’s resignation.
On July 31, 2024, Mr. Haotian Song resigned from his position as a vice president of Singularity Future Technology Ltd. (the “ Company ”) and as a director of the board of directors of the Company (the “ Board ”).
On August 6, 2024, the Nominating and Corporate Governance Committee of the Board nominated and the Board appointed Ms. Jia Yang as a vice president of the Company and as a director of the Board to fill the vacancy resulting from Mr. Haotian Song’s resignation.
the board of directors (the "Board") of Singularity Future Technology Ltd. (the "Company") elected Ms. Yangyang Xu as a Class III independent director to serve until the annual meeting of stockholders for the fiscal year 2024, to fill the vacancy resulting from the resignation of Ms. Ling Jiang.
to fill the vacancy resulting from the resignation of Ms. Ling Jiang.
On September 28, 2023, Ms. Ling Jiang resigned as a director of Singularity Future Technology Ltd. (the “Company”) and Chairwoman of the Compensation Committee, a member of the Audit Committee, and a member of the Nominating and Corporate Governance Committee.
Max materiality 0.90 · Median 0.60 · Most common event regulatory