Fantastic NECK, N.Y., Might 25, 2022 /PRNewswire/ — Singularity Future Engineering Ltd. (“Singularity” or the “Corporation”) (Nasdaq: SGLY) today introduced it been given a discover of non-compliance from Nasdaq Inventory Market LLC (“Nasdaq”) on May perhaps 24, 2022 notifying the Company that, as a outcome of the Company’s failure to well timed file its Quarterly Report on Form 10-Q for the quarterly period of time ended March 31, 2022 (the “Sort 10-Q”), the Business is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Rule”), which needs stated businesses to timely file all periodic fiscal reviews with the U.S. Securities and Exchange Commission (the “SEC”).
Under Nasdaq’s listing guidelines, the Business has 60 calendar times to submit a approach to get back compliance. If the program is recognized by Nasdaq, the Firm can be granted up to 180 calendar times from the Form 10-Q because of date, or right until November 21, 2022, to regain compliance.
The Business is operating diligently to comprehensive its Form 10-Q and intends to file the Variety 10-Q as before long as practicable to get back compliance with the Rule. This discover has no instant result on the listing or trading of the Company’s prevalent inventory on the Nasdaq on the other hand, if the Company fails to well timed get back compliance with the Rule, the Firm’s widespread stock will be matter to delisting from Nasdaq.
About Singularity Potential Technology Ltd. (Nasdaq: SGLY)
On January 3, 2022, the Business transformed its name from Sino-World Shipping and delivery The united states, Ltd. to Singularity Foreseeable future Technological know-how Ltd. (Nasdaq: SGLY). Due to the fact 2020, it plans to acquire a presence in the Blockchain supply administration area by focusing on options for globally interconnected networks and developing crypto mining pools. As the Blockchain landscape constantly shifts, the Company strives to provide involvement and an ecosystem for its purchasers in this ever-transforming space. The Corporation is constructing on its existence as a global logistics and ship management solutions firm, established in 2001 in New York, with subsidiaries in New York, Houston, Montreal, Hong Kong, Shanghai, and Ningbo, China. The Firm provided customers with all of their shipping logistics and company desires as a entire-provider provider. Further details about the Enterprise can be uncovered on the Company’s company web page at www.singularity.us.
Forward-On the lookout Statements
Sure statements produced herein are “forward-searching statements” inside of the which means of the “protected harbor” provisions in the which means of Portion 27A of the Securities Act of 1933, as amended, and Portion 21E of the Securities Exchange Act of 1934, as amended. Ahead-seeking statements incorporate statements with regards to the Company’s expectations concerning the Firm’s means to file the Variety 10-Q with the SEC and regain compliance with the Nasdaq Listing Rule. Ahead-looking statements involve statements that are not historical points and can be identified by conditions such as “anticipate,” “imagine,” “could,” “estimate,” “expect,” “intend,” “may well,” “plan,” “potential,” “forecast,” “undertaking,” “search for,” “need to,” “will,” “would” or comparable expressions and the negatives of these conditions. The Company’s actual benefits and the timing of gatherings could materially differ from these predicted in this kind of ahead-wanting statements as a end result of sure risks and uncertainties including people explained in extra detail in the Firm’s most current Annual Report on Form 10-K for the fiscal 12 months finished June 30, 2021 and other files on file with the SEC, just about every of which can be located on the SEC’s web site, www.sec.gov, or the trader relations portion of the Company’s site. Other than as required by law, the Enterprise assumes no obligation to update these ahead-looking statements, or to update the motives actual success could vary materially from all those expected in these forward-hunting statements, even if new details will become offered in the foreseeable future.
Supply Singularity Long run Engineering Ltd.