February 24, 2024

Singularity Future Technology Enters Into Warrant Purchase Agreement

Singularity Future Technology Enters Into Warrant Purchase Agreement

Fantastic NECK, N.Y., Jan. 6, 2022 /PRNewswire/ — On January 6, 2022, Singularity Foreseeable future Technologies Ltd. (formerly knowns as Sino-Global Shipping The us, Ltd.) (the “Corporation”) entered into a Warrant Invest in Agreement with sure accredited investors (the “Sellers”) pursuant to which the Firm agreed to buy back again an aggregate of 3,870,800 warrants (the “Warrants”) from the Sellers, and the Sellers agreed to sell the Warrants back to the Business. These Warrants ended up sold to these Sellers in three former transactions that shut on February 11, 2021, February 10, 2021, and March 14, 2018. The buy price for every single Warrant is $2.00, and the conditions of just about every Warrant Invest in Arrangement are significantly identical.

On or in advance of January 10, 2022,  the Corporation shall pay out the acquire price  to the Sellers by wire transfer. The Sellers shall undertake to deliver the Warrant to the Business for cancellation as shortly as practicable pursuing the closing date, but in no event afterwards than January 13, 2022. Notwithstanding the foregoing, the Warrant shall be considered cancelled upon the receipt by the Sellers of the order value.

The Enterprise has agreed that if the Organization repurchases any other warrants inside of sixty days immediately after the execution of the Warrant Acquire Agreement at a higher invest in price tag for every Warrant, acquire price tag for each Warrant mentioned in the Warrant Invest in Agreement shall be increased to the invest in selling price for each Warrant set forth in such other purchase arrangement.

Sino-World-wide Transport The united states, Ltd. (NASDAQ: SINO) (the “Enterprise”) formerly declared it is shifting its identify to Singularity Potential Engineering Ltd. to replicate its new concentrate and mandate. The Firm’s shares are expected to start out investing on NASDAQ less than the new ticker symbol “SGLY” commencing January 7, 2022.

About Singularity Upcoming Technologies Ltd.(NASDAQ: SINO ( it will change to SGLY on or about January 7, 2022 )

Established in the United States in 2001, Singularity Foreseeable future Technological innovation Ltd. (previously known as Sino-Global Shipping and delivery The usa, Ltd.) has been diversifying into the cryptocurrency market, although continuing to assistance and expand its shipping and delivery, chartering, logistics and similar solutions business. Headquartered in New York, The Enterprise has offices in  Mainland China and United States . Extra details about the Business can be located on the Firm’s company web site at www.sino-international.web.

Ahead-Seeking Statements

Selected statements manufactured herein are “forward-looking statements” within just the that means of the “harmless harbor” provisions of the Private Securities Litigation Reform Act of 1995. Ahead-hunting statements may well be recognized by the use of terms these kinds of as “anticipate”, “think”, “anticipate”, “estimate”, “approach”, “outlook”, and “venture” and other equivalent expressions that predict or reveal upcoming occasions or developments or that are not statements of historical matters. This sort of ahead-seeking statements include SGLY’s approximated and upcoming success of operations, company tactics, competitive place, sector environment and likely advancement opportunities. In addition, there is uncertainty about the unfold of the COVID-19 virus and the effects it will have on SGLY’s operations, the desire for SGLY’s items and solutions, global provide chains and financial activity in normal. Also, the price of cryptocurrencies may possibly fluctuate significantly more than time, and the success of the JV and its products are not certain. These ahead-seeking statements mirror the present-day examination of existing data and are subject matter to different challenges and uncertainties. As a result, warning ought to be exercised in relying on forward-hunting statements. Owing to known and mysterious risks, our actual outcomes may differ materially from our expectations or projections. All forward-searching statements attributable to the Enterprise or persons acting on its behalf are expressly competent in their entirety by these components. Other than as necessary underneath the securities rules, the Enterprise does not assume a duty to update these ahead-looking statements.

More information about these and other variables that could impression our anticipations and projections will be discovered in our periodic filings with the SEC, which includes our Annual Report on Type 10-K for the fiscal calendar year ended June 30, 2021. SGLY’s SEC filings are readily available publicly on the SEC’s web page at www.sec.gov. SGLY disclaims any obligation to update the ahead-wanting statements, regardless of whether as a consequence of new information and facts, future gatherings or if not.

Resource Sino-World Shipping The united states, Ltd.