STOCK TITAN
  1. Home
  2. Sec-filings
  3. SGLY
  4. [8-K] Singularity Future Technology Ltd. Reports Material Event

Singularity Future Technology (SGLY) granted new Nasdaq $1 bid-price deadline

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Singularity Future Technology Ltd. received an additional 180-day extension from Nasdaq to regain compliance with the exchange’s $1.00 minimum bid price requirement for its common stock. The new compliance deadline is November 16, 2026, after the company did not regain compliance within the initial period ending May 18, 2026.

To cure the deficiency, the company’s closing bid price must be at or above $1.00 per share for at least ten consecutive business days before the new deadline. The company has told Nasdaq it may use a reverse stock split, if necessary, and plans to continue monitoring its share price. If it fails to regain compliance by the deadline, its securities may be subject to delisting, though it would have the right to appeal to a Nasdaq Hearings Panel.

Positive

  • None.

Negative

  • Nasdaq minimum bid deficiency persists, and Singularity Future Technology faces potential delisting if its common stock does not trade at or above $1.00 for ten consecutive business days by November 16, 2026.

Insights

Nasdaq grants SGLY more time, but delisting risk remains if bid price stays below $1.

Singularity Future Technology has secured a second 180-day period from Nasdaq, extending its deadline to regain the $1.00 minimum bid price requirement to November 16, 2026. This follows an initial 180-day window that ended on May 18, 2026 without regaining compliance.

The company must achieve a closing bid of at least $1.00 for ten consecutive business days to cure the deficiency. It has notified Nasdaq it may effect a reverse stock split, a common mechanical tool to lift per-share price without changing market value, if needed.

If compliance is not restored by the new deadline, Nasdaq may move to delist the shares, though the company could appeal to a Nasdaq Hearings Panel. Future disclosures will clarify whether the board proceeds with a reverse split or other measures before the November 16, 2026 compliance date.

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing Securities
The company received a delisting notice, failed to satisfy a continued-listing rule or standard, or transferred its listing.
Initial noncompliance notice date November 19, 2025 Date Nasdaq notified company of $1.00 bid-price deficiency
Initial compliance period end May 18, 2026 End of first 180-day cure period
Extended compliance deadline November 16, 2026 New date to regain minimum bid-price compliance
Minimum bid-price threshold $1.00 per share Required closing bid for Nasdaq Capital Market listing
Required duration at/above $1.00 10 business days Consecutive trading days needed to cure deficiency
Extension length 180 days Additional compliance period granted starting May 19, 2026
Nasdaq Listing Rule 5550(a)(2) regulatory
"fails to comply with the $1 minimum bid price required for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2)"
Nasdaq Listing Rule 5810(c)(3)(A) regulatory
"Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company was provided with an initial compliance period of 180 calendar days"
minimum bid price financial
"fails to comply with the $1 minimum bid price required for continued listing"
The minimum bid price is the lowest share price that a market, regulator, or specific offering will accept for a trade, listing, or auction—think of it as a reserve or floor that a stock must meet to qualify for certain actions. It matters to investors because falling below that floor can limit trading options, trigger compliance measures or delisting risks, and affect liquidity and the perceived value of a holding, much like a reserve price in an auction sets the baseline for a sale.
reverse stock split financial
"its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
Nasdaq Hearings Panel regulatory
"the Company would have the right to appeal the determination to a Nasdaq Hearings Panel"
A Nasdaq hearings panel is a group of experts that reviews cases when a company's stock listing is at risk of being removed from the exchange. They evaluate whether the company has met certain standards and determine if it can keep trading on Nasdaq. This process matters to investors because it can affect a company's ability to raise money and maintain credibility in the market.

FAQ

What Nasdaq issue does Singularity Future Technology (SGLY) disclose in this 8-K?
Singularity Future Technology reports that its common stock remains below Nasdaq’s $1.00 minimum bid price requirement. Nasdaq has granted a second 180-day period to regain compliance, extending the deadline to November 16, 2026, after the company failed to cure the deficiency in the initial window.

What deadline has Nasdaq given SGLY to regain the $1 minimum bid price?
Nasdaq has set November 16, 2026 as Singularity Future Technology’s new compliance deadline. By then, the company’s stock must close at or above $1.00 per share for at least ten consecutive business days, or its securities may become subject to a delisting determination.

What does SGLY need to do to regain Nasdaq bid-price compliance?
To regain compliance, Singularity Future Technology’s common stock must have a closing bid of at least $1.00 per share for a minimum of ten consecutive business days before November 16, 2026. Meeting this standard would cure the deficiency under Nasdaq Listing Rule 5550(a)(2).

What options is Singularity Future Technology considering to address the Nasdaq deficiency?
The company has informed Nasdaq it may implement a reverse stock split if needed to lift its share price. It also states that it intends to continue monitoring the closing bid price of its common stock and consider available options to regain compliance with Nasdaq’s rules.

What happens if SGLY fails to meet Nasdaq’s bid-price requirement by November 16, 2026?
If Singularity Future Technology does not regain compliance by the November 16, 2026 deadline, Nasdaq may issue written notice that its securities are subject to delisting. At that point, the company would have the right to appeal the determination to a Nasdaq Hearings Panel.

How long has SGLY been out of compliance with Nasdaq’s $1 bid-price rule?
Nasdaq first notified Singularity Future Technology on November 19, 2025 that its shares failed the $1.00 minimum bid price requirement after trading below that level for 30 consecutive business days. An initial 180-day cure period then ran until May 18, 2026 without restoring compliance.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Understanding 8-K Material Events →
false 0001422892 0001422892 2026-05-19 2026-05-19 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): May 19, 2026

 

SINGULARITY FUTURE TECHNOLOGY LTD.
(Exact name of registrant as specified in its charter)

 

Virginia   001-34024   11-3588546
(State or other jurisdiction
of incorporation)		   (Commission File Number)   (IRS Employer
Identification No.)

 

48 Wall Street, Suite 1100

New York, NY 10005

(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code: (702) 849-4548

 

Not Applicable
(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common stock, no par value   SGLY   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

 

As previously disclosed, on November 19, 2025, Singularity Future Technology Ltd. (the “Company”) received a staff determination notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”), informing the Company that its common stock, no par value (the “Common Stock”), fails to comply with the $1 minimum bid price required for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2) for the 30 consecutive business days prior to the date of the Notice. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company was provided with an initial compliance period of 180 calendar days, or until May 18, 2026, to regain compliance with the minimum bid price requirement.

 

On May 19, 2026, the Company was granted an additional 180-day compliance period, or until November 16, 2026 (the “Compliance Date”), to regain compliance with the minimum bid price requirement, based on the Company’s compliance with all other continued listing requirements for the Nasdaq Capital Market, except for the bid price requirement, and the fact the Company provided written notice to Nasdaq of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary.

 

To regain compliance, the closing bid price of the Common Stock must meet or exceed $1.00 per share for a minimum of ten consecutive business days prior to the Compliance Date. If the Company does not regain compliance by the Compliance Date, Nasdaq will provide written notification that the Company’s securities are subject to delisting. At that time, the Company would have the right to appeal the determination to a Nasdaq Hearings Panel.

 

The Company intends to monitor the closing bid price of the Common Stock and may, if appropriate, consider implementing available options to regain compliance with the minimum bid price requirement under the Nasdaq Listing Rules.

 

1

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: May 20, 2026 Singularity Future Technology Ltd.
     
  By: /s/ Jia Yang
  Name:  Jia Yang
  Title: Chief Executive Officer

 

2

 

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

3 documents

Other Documents