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Why Is Singularity Future Tech Stock Soaring Today?

BenzingaAug 20, 2026, 3:11 PMLekha Gupta

Singularity Future Technology shares surged nearly 35% after the company priced a $5 million registered direct offering to institutional investors.

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benzinga
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Aug 20, 2026, 3:11 PM
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Aug 20, 2026, 3:11 PM
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  1. Globenewswire IncAug 26, 2026, 10:00 AMNa

    Singularity and AKD Development Inc. Enter Into Development Services Framework Agreement for Florence, South Carolina Data Center and Power Infrastructure Project

    Singularity Future Technology Ltd (NASDAQ: SGLY) has entered into a Master Development Services Framework Agreement with AKD Development Inc. for potential development of a data center and power infrastructure in Florence, South Carolina. The agreement establishes a gated five-phase process with no obligation to proceed beyond initial feasibility work, with each phase requiring separate authorization through work orders.

    Read original at globenewswire-inc