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On June 22, 2026, the company entered into an Amended Stipulation and Agreement of Settlement to resolve a securities…
SGLYSingularity Future Technology Ltd.
On June 22, 2026, the company entered into an Amended Stipulation and Agreement of Settlement to resolve a securities class action (Crivellaro v. Singularity Future Technology Ltd.) for an aggregate cash payment of $5,800,000. This includes $2,000,000 already in escrow, with $1,500,000 due within 15 days and $2,300,000 due within 60 days. Additionally, at its June 30, 2026 annual meeting, shareholders approved a new 2026 Incentive Plan, an increase in authorized common shares from 50 million to 50 billion, and granted the Board discretionary authority to execute a reverse stock split at a ratio of 1-for-5, 1-for-10, or 1-for-14. The company operates in the technology industry.