Singularity Future Technology shareholders will vote on issuing 21,520,803 common shares, 6,897,636 amended warrants, a name change and a reverse split authorization on September 22, 2026. The vote matters because approval would permit the Warrant issuance and allow the board to choose a 1-for-5, 1-for-10 or 1-for-20 consolidation.

Key Highlights

  • Each amended warrant would be exercisable for one common share at $0.001 per share.
  • The reverse split could leave approximately 1,080,758 common shares outstanding at the selected ratio.
  • The board recommends voting FOR all four proposals, including the name change and reverse split amendment.

The ballot also covers 6,897,636 amended warrants, a proposed name change and authority for the board to implement a reverse stock split. Stockholders of record on August 26, 2026, are eligible to vote, and the board recommends FOR each proposal.

Four Proposals Before Holders

The name-change proposal would amend Singularity Future Technology (NASDAQ: SGLY)’s Amended and Restated Articles of Incorporation. The fourth proposal would give the board discretion to amend those articles to carry out a reverse stock split, with the final ratio and effective date left to the board.

Each outstanding common share carries one vote on every proposal. Singularity Future Technology had 5,403,788 common shares issued and outstanding on the record date.

Amended Warrants at $0.001

The warrants would be exercisable immediately upon issuance for cash, while cashless exercise would be available if no effective registration statement or current prospectus covered the underlying shares.

The amended warrants relate to an earlier transaction in which Singularity Future Technology agreed to sell an aggregate of 32,188,841 units. Each unit consisted of one common share and three warrants, and the transaction carried gross proceeds of approximately $30 million.

Board-Selected Split Ratio

Stockholders are being asked to authorize one of three reverse split ratios: 1-for-5, 1-for-10 or 1-for-20. Under the proposal, five, ten or twenty existing common shares would be combined into one share, depending on the ratio selected by the board.

Fractional shares resulting from the transaction would be rounded up to the next whole share.

September 22 Meeting Details

Stockholders who hold shares through a broker, bank, dealer or other nominee may direct that intermediary on how to vote.

Source(s)

  • https://www.sec.gov/Archives/edgar/data/1422892/000121390026094212/ea0303541-def14a_singularity.htm