Singularity Future Technology Ltd. Raises ~$6.8M in Registered Direct Offerings

What Happened

• Singularity Future Technology Ltd. announced it entered into securities purchase agreements and closed two registered direct offerings in August 2026 that raised gross proceeds of about $1.8 million (First Offering) and $5.0 million (Second Offering), or roughly $6.8 million in total.
• The First Offering (closed Aug 19, 2026) sold 340,000 shares of common stock at $3.00 per share and pre‑funded warrants to purchase 260,000 shares at $2.999 each (exercise price $0.001). The Second Offering (closed Aug 21, 2026) involved 451,250 shares of common stock and pre‑funded warrants to purchase up to 1,111,250 shares at $3.199 each (common shares priced at $3.20; warrant exercise price $0.001). All pre‑funded warrants are immediately exercisable.
• The offerings were registered under the company’s Form S‑3 and supported by prospectus supplements dated Aug 18 and Aug 20, 2026.

Key Details

• Gross proceeds: ~ $1.8M (First Offering) + ~ $5.0M (Second Offering) = ~ $6.8M total.
• Share counts & prices: First — 340,000 common @ $3.00; 260,000 pre‑funded warrants @ $2.999 (exercise $0.001). Second — 451,250 common and pre‑funded warrants to acquire up to 1,111,250 shares; common @ $3.20, pre‑funded warrants @ $3.199 (exercise $0.001).
• Fees & expenses: Univest Securities LLC acted as exclusive placement agent; company will pay 7% of gross proceeds as placement fees and reimburse out‑of‑pocket legal/other expenses (up to $30,000 for the First Offering and $70,000 for the Second). Placement agent has a six‑month right of first refusal.
• Other terms: Company agreed to limited 30‑day restrictions on issuing or filing for registration of additional securities after the closings; directors and officers entered into 90‑day lock‑up agreements following the First Offering closing (Aug 19, 2026).

Why It Matters

• This financing provides the company with immediate cash (about $6.8M gross) to fund working capital, general corporate purposes and the company’s planned data center business (as stated by the company).
• The issuances increase the number of potential outstanding shares: pre‑funded warrants are immediately exercisable (exercise price $0.001), so further dilution can occur when warrants are exercised. Investors should monitor outstanding share counts and potential dilution as warrants are exercised.
• Placement fees and reimbursements reduce net proceeds; lock‑ups and short issuance restrictions limit insider sales and near‑term additional share issuance for a limited time.
• Relevant offering documents, forms of the purchase agreements, pre‑funded warrants and legal opinions were filed as exhibits to the 8‑K for investors who want full terms.