Orca Capital takes 9.5% stake in Singularity Future
Singularity Future Technology Ltd. (SGLY) is reported to have a significant shareholder, Orca Capital, which beneficially owns 340,000 shares of common stock.
Sentiment and the balance of points
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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.
Key Figures
Key Terms
beneficially owned financial
pre-funded warrants financial
Beneficial Ownership Limitation financial
sole dispositive power financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What percentage of Singularity Future Technology Ltd. (SGLY) does Orca Capital own?
How do pre-funded warrants affect Orca Capital’s potential ownership in SGLY?
Who signed the ownership report for Orca Capital regarding SGLY?
AI-generated analysis. How Rhea-AI works. Not financial advice.