Singularity Future Technology (SGLY) Registration Filing summary

Company overview and business model

• Operates as a global logistics integrated solution provider, focusing on freight logistics, warehousing, and related services in the US and China.

• Expanded into digital assets business in 2022, with subsidiaries in the US, China, and Hong Kong.

• Recently entered a joint venture to engage in commodity trading and potentially solar panel sales.

• Corporate structure is a Virginia holding company with all operations conducted through subsidiaries.

Financial performance and metrics

• Aggregate market value of outstanding common stock held by non-affiliates is approximately $23.86 million as of September 3, 2024.

• Not currently profitable and has a history of operating losses; revenue declined by 22.6% in 2022 due to pandemic impacts.

• High customer concentration: one customer accounted for over 50% of revenues in recent years.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for general corporate purposes, including possible acquisitions.

• Specific uses for each offering will be detailed in the relevant prospectus supplement.