Singlepoint Inc - SING STOCK NEWS

SinglePoint Inc. (SING) announces significant corporate refinements to drive operational profitability in the solar energy industry. Recent acquisitions, partnerships, and cost-saving measures showcase the company's commitment to growth and sustainability.

SinglePoint Inc's subsidiary, Boston Solar, partners with a nonprofit housing developer to install custom solar panel systems in Cambridge, MA. The project aims to provide affordable, energy-efficient housing and align with the city's renewable energy goals, showcasing Boston Solar's commitment to commercial solar operations.

SinglePoint Inc (SING) received a notification letter from Cboe BZX regarding its common stock's bid price falling below $1.00. The company has 180 days to regain compliance, with potential for an additional grace period if needed. SinglePoint's CEO is confident in the company's value and growth potential, aiming to address the market cap issues and improve stock performance.

SinglePoint Inc's subsidiary, Boston Solar, partners with a leading American hotel chain to install a 219.24kW solar panel system, aiming to produce 6,021,634kWh over 25 years. The project underscores Boston Solar's commitment to renewable energy solutions and commercial growth, positioning the company for profitable revenue growth in 2024.

Boston Solar, a leading solar energy solutions provider in New England, appoints Michael Morlino as its new President. Morlino, a distinguished military veteran with a proven track record of leadership, strategic acumen, and operational excellence, is expected to drive growth and innovation at Boston Solar. The company has also secured a 100+ home federal agency solar assessment and engineering project and has been selected as the first US-based EPC to carry Energizer Solar products. The CEO of SinglePoint Inc. expressed optimism for a stellar 2024, citing Boston Solar's impressive financial growth and the leadership transition as key factors.

SinglePoint Inc (CBOE: SING) subsidiary Boston Solar announces a groundbreaking agreement with a federal government entity to complete more than 100 sight assessments and start initial engineering and design in anticipation of installing rooftop solar systems for those homes. The initiative is expected to have a substantial impact on the local community by lowering individual carbon footprints and reducing energy costs for participating households. Boston Solar remains at the forefront of innovation, delivering sustainable and cost-effective solar solutions for residential and commercial clients alike.

SinglePoint Inc. (CBOE: SING) provides an update on its 2023 accomplishments and plans to increase shareholder value in 2024. The company, a provider of renewable energy, energy supply, and healthy building solutions, successfully listed on the CBOE BZX Exchange in December. SinglePoint aims to accelerate its acquisition strategy in the renewable energy sector, particularly focusing on acquiring national premier solar installation businesses. The company completed its first acquisition in April 2022, acquiring Boston Solar, leading to a 41% revenue increase from approximately $17 million to $24 million at the end of FY/2022. Despite challenging market conditions, SinglePoint expects continued growth in FY/2023, with trailing twelve-month revenues surpassing the $30 million mark. The company's CEO, Wil Ralston, highlighted the team's resiliency and abilities to navigate significant solar industry headwinds in 2023. With the uplist to the CBOE market, SinglePoint aims to add value to its asset portfolio by capitalizing on aggressive acquisition-based valuations in excellent companies, aiming to create new revenue streams. The company has also established multiple initiatives for 2024, including potential market expansions, accretive acquisitions, and industry partnerships.

SinglePoint Inc. (Cboe:SING) announced the pricing of its underwritten public offering of 800,000 shares of common stock at $5.00 per share, expecting gross proceeds of $4,000,000. The company will also effectuate a reverse split of its issued and outstanding common stock at a ratio of 1-for-26. The shares are expected to begin trading on the BZX Exchange, a division of Cboe Global Markets, on December 15, 2023, under the ticker symbol 'SING'. The net proceeds will be used for general corporate purposes and to repay up to $500,000 of its indebtedness.

SinglePoint Inc. (OTCQB:SING) Reports Record-Breaking Year-to-Date Revenue of $21 Million