Orca Capital's stake in Singularity Future (SGLY) limited by 4.99% warrant cap
Rhea-AI Filing Summary
Singularity Future Technology Ltd. (SGLY) is reported to have a significant shareholder, Orca Capital, which beneficially owns 340,000 shares of common stock. Based on 3,581,289 shares outstanding immediately after the company’s registered offering, Orca Capital’s holdings represent 9.5% of the common stock.
Orca Capital has sole voting and dispositive power over all 340,000 shares, with no shared power. The ownership calculation excludes 260,000 shares issuable upon exercise of pre-funded warrants, which are subject to a 4.99% Beneficial Ownership Limitation that prevents Orca Capital from exercising the warrants to exceed 4.99% ownership.
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Key Figures
Shares beneficially owned: 340,000 shares
Percent of class: 9.5%
Shares outstanding: 3,581,289 shares
+2 more
5 metrics
Shares beneficially owned
340,000 shares
Common stock of Singularity Future Technology Ltd. beneficially owned by Orca Capital
Percent of class
9.5%
Ownership percentage of SGLY common stock reported by Orca Capital
Shares outstanding
3,581,289 shares
Common stock outstanding immediately after the issuer’s registered offering
Pre-funded warrant shares excluded
260,000 shares
Shares issuable upon exercise of pre-funded warrants excluded from ownership calculation
Beneficial Ownership Limitation
4.99%
Limit above which Orca Capital cannot exercise pre-funded warrants
Key Terms
beneficially owned, pre-funded warrants, Beneficial Ownership Limitation, sole dispositive power
4 terms
beneficially owned financial
"Amount beneficially owned: 340,000"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
pre-funded warrants financial
"excludes 260,000 shares of common stock issuable upon the exercise of pre-funded warrants"
Pre-funded warrants are financial instruments that give investors the right to purchase a company's stock at a set price, but with most or all of the purchase price paid upfront. They function like a coupon or gift card for stock, allowing investors to buy shares later at a fixed price, which can be beneficial if they want to avoid future price increases. This makes them important for investors seeking flexibility and certainty in their investment plans.
Beneficial Ownership Limitation financial
"subject to the 4.99% Blocker (defined below). Pursuant to the terms of the pre-funded warrants"
A beneficial ownership limitation is a rule that caps the percentage of a company’s shares an investor can be treated as owning or controlling for voting, regulatory or tax purposes. It matters to investors because it can restrict how many shares a person or group can buy or vote, affect takeover chances, and influence share liquidity and value — like a speed limit that prevents any single driver from taking over the whole road.
sole dispositive power financial
"Sole Dispositive Power 340,000.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
FAQ
What percentage of Singularity Future Technology Ltd. (SGLY) does Orca Capital own?
Orca Capital reports beneficial ownership of 9.5% of Singularity Future Technology Ltd.’s common stock, representing 340,000 shares based on 3,581,289 shares of common stock outstanding immediately after the issuer’s registered offering.
How do pre-funded warrants affect Orca Capital’s potential ownership in SGLY?
The calculation excludes 260,000 shares issuable upon exercise of pre-funded warrants. Under a 4.99% Beneficial Ownership Limitation, Orca Capital cannot exercise these warrants if doing so would result in it beneficially owning more than 4.99% of SGLY’s outstanding common stock.
Who signed the ownership report for Orca Capital regarding SGLY?
The report for Orca Capital’s holdings in SGLY was signed by Thomas Konig, identified as a Director, dated August 25, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.