New York, Aug.  21, 2026  (GLOBE NEWSWIRE) -- Univest Securities, LLC (&#34;Univest&#34;), a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today

SGLY

Univest Securities, LLC Announces Closing of $5.0 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules for its Client Singularity Future Technology Ltd. (NASDAQ: SGLY)

Univest closes $5M registered direct offering for SGLY at $3.20

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>New York, Aug.  21, 2026  (GLOBE NEWSWIRE) -- Univest Securities, LLC (&amp;#34;Univest&amp;#34;), a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Univest announced a $5 million registered direct offering for Singularity Future Technology (SGLY) at $3.20 per share, issuing 1.56 million shares. The deal provides liquidity but dilutes existing holders; it is priced at the market under Nasdaq rules via a shelf registration. Management did not disclose immediate use of proceeds.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Univest closes $5M registered direct offering for SGLY at $3.20/share.</li><li>1,562,500 shares offered (or pre-funded warrants) at $3.20.</li><li>Offering priced at-the-market under Nasdaq rules via shelf.</li><li>Dilution risk to existing SGLY holders.</li><li>Proceeds improve liquidity but no immediate use disclosed.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Singularity Future Technology Ltd. (SGLY)</strong>: Received $5M capital via registered direct offering; dilution risk offset by improved liquidity.</li><li><strong>Univest Securities, LLC (N/A)</strong>: Placed the offering as sole placement agent; not a public issuer.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The closing of a $5M equity offering directly affects SGLY&#039;s capital structure and near-term liquidity, with potential dilution implications for existing shareholders; the market will weigh liquidity benefits against share count increase.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Closing triggers near-term dilution and potential stock price dip.</li><li>At-market pricing via shelf indicates additional equity access in the future.</li><li>No explicit use of proceeds disclosed, sentiment uncertain.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Gross proceeds: approximately $5.0 million.</li><li>Shares offered: 1,562,500 shares (or pre-funded warrants).</li><li>Offering price: $3.20 per share.</li><li>Placement agent: Univest Securities, LLC (sole).</li><li>Registration: Shelf Form S-3, File No 333-282006, effective Oct 24, 2024; closing Aug 21, 2026.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Near-term dilution pressure likely; price may test near-term levels, with stabilization possible if proceeds extend liquidity.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">New York, Aug.  21, 2026  (GLOBE NEWSWIRE) -- Univest Securities, LLC ("Univest"), a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the closing of a registered direct offering (the "Offering") of approximately $5.0 million for its client Singularity Future Technology Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/SGLY">SGLY</a>) (the &#34;Company&#34;), a global logistics integrated solution provider.</p>  <p align="justify">Under the terms of the securities purchase agreement, the Company has agreed to sell to certain institutional investors an aggregate of approximately $5.0 million of the Company&#39;s securities, including 1,562,500 shares of the Company&#39;s common stock (the &#34;Common Stock&#34;) (or pre-funded warrants in lieu of Common Stock), at an offering price of $3.20 per share, in the Offering priced at-the-market under Nasdaq rules.</p>  <p align="justify">The aggregate gross proceeds to the Company were $5.0 million.</p>  <p align="justify">Univest Securities, LLC acted as the sole placement agent.</p>  <p align="justify">The registered direct offering was made pursuant to a shelf registration statement on Form S-3, as amended (File No. 333-282006) previously filed by the Company and declared effective by the U.S. Securities and Exchange Commission (the "SEC") on October 24, 2024. A final prospectus supplement and accompanying prospectus describing the terms of the proposed offering were filed with the SEC and are available on the SEC&#39;s website located at <a href="https://www.globenewswire.com/Tracker?data=xM_lbUo75Wch3PpvXMKsdLNrzhq_u8t_VwYQZI5wp3_jr82AML_G0S-yENYe2zUfwq959mW0nwKEXTzzERlYYA==" rel="nofollow" target="_blank">www.sec.gov</a>. Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained by contacting Univest Securities, LLC at <a href="https://www.globenewswire.com/Tracker?data=how7rFRjxCpuCJWtj3SuC4OEta5NSyc0yuX2zmfvTpXCC3rVpbbW_SbwY1-aZOHlqoUgbTrBVRDfsDrvZx-nOA==" rel="nofollow" target="_blank">info@univest.us</a>, or by calling +1 (212) 343-8888.</p>  <p align="justify">This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Copies of the prospectus supplement relating to the registered direct offering, together with the accompanying base prospectus, can be obtained at the SEC&#39;s website at <a href="https://www.globenewswire.com/Tracker?data=xM_lbUo75Wch3PpvXMKsdJSFolWxAnjCyYytl1fq2DQVlFyrbIP66NvbYLfsdFP2JJHRfc5ZcDUMJEwqJUPecA==" rel="nofollow" target="_blank">www.sec.gov</a>.</p>  <p align="justify"><b>About Univest Securities, LLC</b></p>  <p align="justify">Registered with FINRA since 1994, Univest Securities, LLC provides a wide variety of financial services to its institutional and retail clients globally, including brokerage and execution services, sales and trading, market making, investment banking and advisory, and wealth management. It strives to provide clients with value-added service and focuses on building long-term relationships with its clients. As a prominent name on Wall Street, Univest has successfully raised over $1.8 billion in capital for issuers across the globe since 2019 and has completed approximately 100 transactions spanning a wide array of investment banking services in various industries, including technology, life sciences, industrial, consumer goods, etc. For more information, please visit: <a href="https://www.globenewswire.com/Tracker?data=lNqbQVrOoRkxEIEANb78MJIMa0wdi1K3uvEqpJTQ3P5YMBT7AiUTVW7b7-A_UgdXGGfLqszS4zW1FyZKSqoDgg==" rel="nofollow" target="_blank">www.univest.us</a>.</p>  <p align="justify"><b>About Singularity Future Technology Ltd.</b></p>  <p align="justify">The Company is a global logistics integrated solution provider that was founded in the United States in 2001. The Company primarily focuses on providing freight logistics services, which mainly include shipping, warehouse, resources, equipment, and other logistical support to steel companies and e-commerce businesses.</p>  <p><b><i>Forward-Looking Statements</i></b></p>  <p align="justify"><i>This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks, including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the "Risk Factors" section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at </i><a href="https://www.globenewswire.com/Tracker?data=xM_lbUo75Wch3PpvXMKsdObVju4I96sT874706WPrcIo_fYn6l0Dp_mEsdGDeQjKVJx7zQ0Y0_vcz7NNCelUCA==" rel="nofollow" target="_blank"><i>www.sec.gov</i></a><i>. Univest Securities, LLC and the Company undertake no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.</i></p>  <p><b>For more information, please contact:</b><br></br></p>  <p><b>Univest Securities, LLC</b><br></br><b>Edric Guo</b><br></br><b>Chief Executive Officer</b><br></br>75 Rockefeller Plaza, Suite 25A<br></br>New York, NY 10019<br></br>Phone: (212) 343-8888<br></br>Email: <a href="https://www.globenewswire.com/Tracker?data=how7rFRjxCpuCJWtj3SuC-Wf4n_fplym0A8uOO0e_1SQM1naotBeIwlk0jxBPVnLYaVmPNVOKIOlxTByCBMt0160tq68udTq61Eo0e-hewA=" rel="nofollow" target="_blank">info@univest.us</a></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTgxNDMzNyM3Nzg4MjgwIzUwMDA2NDE0MQ=="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/OGRiMTk1OGUtYmExZS00N2U2LThmZGMtYjA5OWIzYzM1MzcxLTUwMDA2NDE0MS0yMDI2LTA4LTIxLWVu/tiny/Univest-Securities-LLC.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/95d59530-44ca-4b55-88e9-cedd25bb8a27"><img src="https://ml.globenewswire.com/media/95d59530-44ca-4b55-88e9-cedd25bb8a27/small/original-c18b5644-fc79-4f22-9707-e0974b74e3d3-jpg.jpg" border="0" width="150" height="46" alt="Primary Logo"></img></a></p>

Univest announced a $5 million registered direct offering for Singularity Future Technology (SGLY) at $3.20 per share, issuing 1.56 million shares. The deal provides liquidity but dilutes existing holders; it is priced at the market under Nasdaq rules via a shelf registration. Management did not disclose immediate use of proceeds.

univest-securities-llc-announces-closing-of-5-0-million-registered-direct-offering-priced-at-the-market-under-nasdaq-rules-for-its-client-singularity-future-technology-ltd-nasdaq-sgly

News insight

Univest Securities, LLC Announces Closing of $5.0 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules for its Client Singularity Future Technology Ltd. (NASDAQ: SGLY)

AI summary

Sentiment rationale

Key facts

Corporate Developments