October 4, 2022

Singularity Future Technology Received Nasdaq Delinquency Notice on Late Filing of its Form 10-Q

Terrific NECK, N.Y., Might 25, 2022 /PRNewswire/ — Singularity Upcoming Know-how Ltd. (“Singularity” or the “Company”) (Nasdaq: SGLY) currently declared it acquired a detect of non-compliance from Nasdaq Inventory Industry LLC (“Nasdaq”) on May 24, 2022 notifying the Business that, as a final result of the Firm’s failure to timely file its Quarterly Report on Variety 10-Q for the quarterly period finished March 31, 2022 (the “Variety 10-Q”), the Enterprise is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Rule”), which involves outlined organizations to timely file all periodic money stories with the U.S. Securities and Exchange Fee (the “SEC”).

Under Nasdaq’s listing principles, the Firm has 60 calendar days to submit a strategy to regain compliance. If the prepare is acknowledged by Nasdaq, the Business can be granted up to 180 calendar times from the  Type 10-Q owing day, or until eventually November 21, 2022, to regain compliance.

The Organization is doing work diligently to total its Sort 10-Q and intends to file the Type 10-Q as quickly as practicable to get back compliance with the Rule. This observe has no immediate influence on the listing or buying and selling of the Company’s common stock on the Nasdaq nevertheless, if the Organization fails to timely get back compliance with the Rule, the Firm’s frequent inventory will be matter to delisting from Nasdaq.

About Singularity Future Technological innovation Ltd. (Nasdaq: SGLY)

On January 3, 2022, the Company altered its identify from Sino-World Delivery The usa, Ltd. to Singularity Long term Technological innovation Ltd. (Nasdaq: SGLY). Given that 2020, it designs to build a existence in the Blockchain offer management area by focusing on remedies for globally interconnected networks and creating crypto mining pools. As the Blockchain landscape constantly shifts, the Company strives to deliver involvement and an ecosystem for its clients in this at any time-modifying area. The Organization is making on its existence as a world wide logistics and ship management solutions business, founded in 2001 in New York, with subsidiaries in New York, Houston, Montreal, Hong Kong, Shanghai, and Ningbo, China. The Firm delivered prospects with all of their shipping and delivery logistics and company requirements as a full-company provider. Additional information and facts about the Organization can be observed on the Firm’s corporate web site at www.singularity.us.

Forward-Searching Statements

Specific statements designed herein are “forward-wanting statements” inside of the which means of the “harmless harbor” provisions in just the that means of Portion 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Trade Act of 1934, as amended. Forward-on the lookout statements involve statements with regards to the Firm’s anticipations pertaining to the Company’s capability to file the Type 10-Q with the SEC and regain compliance with the Nasdaq Listing Rule. Forward-searching statements contain statements that are not historic specifics and can be recognized by conditions this sort of as “foresee,” “imagine,” “could,” “estimate,” “be expecting,” “intend,” “may,” “program,” “likely,” “forecast,” “job,” “look for,” “should,” “will,” “would” or similar expressions and the negatives of individuals conditions. The Firm’s true results and the timing of activities could materially differ from those people expected in these kinds of forward-looking statements as a end result of specific dangers and uncertainties including these described in additional detail in the Company’s most latest Once-a-year Report on Variety 10-K for the fiscal year finished June 30, 2021 and other files on file with the SEC, each individual of which can be found on the SEC’s web site, www.sec.gov, or the trader relations portion of the Company’s site. Other than as necessary by legislation, the Corporation assumes no obligation to update these ahead-on the lookout statements, or to update the reasons precise outcomes could vary materially from all those predicted in these forward-hunting statements, even if new information results in being accessible in the foreseeable future.

Source Singularity Long term Engineering Ltd.