SplitJul 23, 2026, 08:02 AM
Singularity Future Technology Announces 1-for-14 Reverse Stock Split
AI Summary
Singularity Future Technology Ltd. announced a 1-for-14 reverse stock split, effective July 27, 2026. This action, approved by shareholders on June 30, 2026, and finalized by the Board on July 7, 2026, will reduce the total outstanding ordinary shares from 12,556,650 to 896,904. Fractional shares resulting from the split will be rounded up to the nearest whole number, and trading on a split-adjusted basis is expected to commence on July 27, 2026, under a new CUSIP number.
Key Highlights
- Shareholders approved a reverse stock split on June 30, 2026.
- The Board of Directors fixed the reverse stock split ratio at 1-for-14 on July 7, 2026.
- Articles of Amendment were filed on July 22, 2026, to effect the 1-for-14 split.
- The reverse stock split will become effective at 12:01 a.m. ET on July 27, 2026.
- Outstanding ordinary shares will reduce from 12,556,650 to 896,904.
- Fractional shares will be rounded up to the nearest whole number.
- Trading on a split-adjusted basis is expected to begin on July 27, 2026.
- The new CUSIP number for the common stock will be 82935V406.
Price Impact
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