Singularity Future Technology Ltd（SGLY）のニュースとイベントSGLYSingularity Future Technology Ltd

Singularity Future Technology Enters Development Agreement with AKD

Singularity Future Technology announced that it has entered into a Master Development Services Framework Agreement with AKD Development relating to the potential development of a data center and associated substation and power infrastructure in Florence, South Carolina. The Framework Agreement establishes general terms and a phased process under which AKD may provide certain development services if and when authorized through individually executed work orders. The Framework Agreement does not obligate Singularity to issue any Work Order or to proceed with the Project beyond initial feasibility work. Under the Framework Agreement, AKD may be engaged to provide development-management services across certain workstreams, including site due diligence, utility interconnection coordination, substation engineering, procurement support, construction oversight, commissioning support and project closeout. No services are authorized unless and until a separate Work Order is executed for the applicable phase. Singularity is not obligated to engage AKD for all or any portion of the Project, and AKD has no exclusivity. Subject to the execution of an initial Work Order, Phase 0 is expected to include feasibility and due-diligence work, including site-risk evaluation, utility-interconnection feasibility analysis, preliminary cost assessment and go/no-go recommendations.

Singularity Future Technology Issues 1.5625 Million Shares at $3.20 Each

Singularity Future Technology announced that it has entered into securities purchase agreements with certain institutional investors for the purchase and sale of 1,562,500 the company's common stock at an offering price of $3.20 per share, in a registered direct offering priced at-the-market under Nasdaq rules. The gross proceeds to the company from the registered direct offering are estimated to be approximately $5M before deducting the placement agent's fees and other estimated offering expenses. The offering is expected to close on or about August 21. Univest Securities is acting as the sole placement agent.

SGLY Enters Strategic Framework Agreement with Florence Development

Singularity Future Technology, or SGLY, has entered into a non-binding strategic development framework agreement with Florence Development relating to an approximately 900-acre industrial site in Florence, South Carolina. The Framework Agreement establishes a framework for the parties to evaluate and, if mutually acceptable, potentially pursue the development of a large-scale U.S. platform for AI computing, hyperscale data center and high-performance computing infrastructure. The Framework Agreement is non-binding and does not obligate either party to consummate any transaction. There can be no assurance that a definitive agreement will be reached or that the contemplated project will be completed on the terms, timetable or scale currently contemplated, or at all. The approximately 900-acre site may provide substantial room for phased infrastructure development if the project proceeds. Based on preliminary information and subject to further verification, approximately 25MW of existing or near-term grid capacity has been identified in connection with the site. The parties also intend to explore a utility expansion pathway that could potentially increase total grid capacity to as much as approximately 99MW within an anticipated 24-month period.