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)

About this update from Singularity Future Technology Ltd.

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: SGLY) (the "Company"), a global logistics integrated solution provider. 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's securities, including 1,562,500 shares of the Company's common stock (the "Common Stock") (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. The aggregate gross proceeds to the Company were $5.0 million.Univest Securities, LLC acted as the sole placement agent. 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's website located at www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained by contacting Univest Securities, LLC at [email protected], or by calling +1 (212) 343-8888. 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's website at www.sec.gov.About Univest Securities, LLC 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 ban...

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