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Singularity Future Technology (Nasdaq: SGLY) enacts 1-for-14 reverse split

(Moderate)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Singularity Future Technology Ltd. is implementing a reverse stock split of its common stock at a 1-for-14 ratio, following prior shareholder approval and a board decision on July 7, 2026. Articles of Amendment filed in Virginia make the split effective at 12:01 a.m. ET on July 27, 2026.

Every fourteen shares will be combined into one, reducing issued and outstanding shares from 12,556,650 to 896,904, with fractional entitlements rounded up to the nearest whole share. Split-adjusted trading on The Nasdaq Capital Market under symbol SGLY, with new CUSIP 82935V406, is expected to begin on July 27, 2026.

Positive

  • None.

Negative

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Filing Explained

As a reverse stock split, the disclosed 1-for-14 combination reduces the share count and raises the per-share price proportionally; the split itself does not change company value, while the filing places those mechanics at the July 27, 2026 effective time.

Item 3.03 Material Modification to Rights of Security Holders Securities
A change was made that materially affects the rights of existing shareholders (e.g., dividend rights, voting rights).
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year Governance
The company amended its charter documents, bylaws, or changed its fiscal year.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Reverse stock split ratio 1-for-14 Ratio for the reverse split of Singularity Future Technology common stock
Shares outstanding before split 12,556,650 shares Issued and outstanding common shares prior to the reverse split
Shares outstanding after split 896,904 shares Issued and outstanding common shares after the 1-for-14 reverse split
Effective time and date 12:01 a.m. ET on July 27, 2026 Effectiveness of Articles of Amendment implementing the reverse split
New CUSIP number 82935V406 CUSIP for Singularity Future Technology common stock after the reverse split
reverse stock split financial
"approved ... to effect a reverse stock split of the Company’s common stock"
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.
Articles of Amendment regulatory
"filed Articles of Amendment to our Amended and Restated Articles of Incorporation"
Articles of amendment are official documents a corporation files with the government to record changes to its foundational details, such as its name, share structure, authorized capital, or bylaws. Think of them like updating a company’s recipe or blueprint so everyone knows the new ingredients and rules; investors use them to track structural shifts that can affect ownership, voting power, dilution risk, or a company’s strategic flexibility.
CUSIP number regulatory
"new CUSIP number, 82935V406"
A CUSIP number is a nine-character code that uniquely identifies a specific U.S. or Canadian stock, bond, or other security, similar to a barcode or a social-security number for a financial instrument. It matters to investors because it removes confusion between similar securities, ensures trades and settlements are applied to the correct issue, and helps locate official documents and transaction records quickly.

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

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FAQ

What reverse stock split did SGLY approve and implement?

Singularity Future Technology Ltd. approved and is implementing a 1-for-14 reverse stock split of its common stock. Shareholders had previously authorized a range of ratios, and the board fixed the final 1-for-14 ratio on July 7, 2026.

When does SGLY’s 1-for-14 reverse stock split become effective?

The reverse stock split becomes effective at 12:01 a.m. ET on July 27, 2026. Articles of Amendment filed with the Virginia State Corporation Commission specify this effective time for the 1-for-14 consolidation of common shares.

How will SGLY’s outstanding shares change after the reverse split?

Outstanding common shares will be reduced from 12,556,650 to 896,904 after the 1-for-14 reverse stock split. Every fourteen existing shares will be combined into one share, significantly lowering the number of issued and outstanding shares.

How are fractional shares handled in SGLY’s reverse stock split?

Shareholders entitled to fractional shares due to the 1-for-14 reverse split will have amounts rounded up to the nearest whole share. No fractional shares will be issued; instead, holdings are adjusted upward to a whole-share figure.

Will SGLY’s ticker or exchange change after the reverse split?

The common stock will continue trading on The Nasdaq Capital Market under the symbol SGLY. Trading on a split-adjusted basis is expected to begin July 27, 2026, and the shares will have a new CUSIP number, 82935V406.
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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): July 22, 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 3.03‎ Material Modifications to Rights of Security Holders.

 

As previously disclosed, on June 30, 2026, the shareholders of Singularity Future Technology Ltd. (the “Company”) approved at its annual meeting of shareholders an amendment to the Company’s Amended and Restated Certificate of Incorporation to effect a reverse stock split of the Company’s common stock by one of the following ratios: 1-for-5, 1-for-10, or 1-for-14, with such ratio to be determined in the discretion of the board of directors of the Company (the “Board”) and with such action to be effected at such time and date, if at all, as determined by the Board within one year after the conclusion of the annual meeting (the “Reverse Stock Split”). On July 7, 2026, the Board fixed the Reverse Stock Split ratio at 1-for-14.

 

On July 22, 2026, the Company filed Articles of Amendment to our Amended and Restated Articles of Incorporation with the Virginia State Corporation Commission (the “Articles of Amendment”), which effect the Reverse Stock Split at a ratio of 1-for-14, and such Articles of Amendment will become effective as of 12:01 a.m. ET on July 27, 2026 (the “Effective Time”).

 

As a result of the Reverse Stock Split, every fourteen shares of Common Stock will be combined into one share of Common Stock and the total number of issued and outstanding ordinary shares will be reduced from 12,556,650 shares to 896,904 shares. Shareholders who otherwise would be entitled to receive fractional shares because they held a number of shares not evenly divisible by the ratio of the Reverse Stock Split will automatically be entitled to receive the number of shares rounded up to the nearest whole number.

 

Trading of the Company’s common stock on The Nasdaq Capital Market on a split-adjusted basis is expected to begin on July 27, 2026. The Company’s new Common Stock will continue to be traded under the symbol SGLY, with the new CUSIP number, 82935V406. The Company’s shareholders should not send their share certificates to the Company. Shareholders will be notified by the Company’s transfer agent, Transhare Corporation, regarding the process for exchanging existing share certificates representing pre-split shares.

 

The above description of the Articles of Amendment and the Reverse Stock Split is qualified in its entirety by reference to the Articles of Amendment, a copy of which is attached hereto as Exhibit 3.1.‎  

 

Item 5.03 Amendments to Articles of Incorporation or Bylaws.

 

The description of the Articles of Amendment and the Reverse Stock Split set forth in Item 3.03 of this Current Report is incorporated herein by reference.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit No.   Description
3.1   Articles of Amendment to the Amended and Restated Articles of Incorporation of Singularity Future Technology Ltd.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 1 

 

SIGNATURES

 

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: July 23, 2026 Singularity Future Technology Ltd.
     
  By: /s/ Jia Yang
  Name:  Jia Yang
  Title: Chief Executive Officer

 

 2 

 

Filing Exhibits & Attachments

4 documents