New York, May 27, 2026, 06:03 (EDT)
- SGLY last traded at $0.3928, off 1.53 cents from its previous close, before the Nasdaq opened.
- Nasdaq set a deadline of Nov. 16, 2026, for the company to get its share price back above the $1 minimum and regain compliance with the exchange’s bid-price rule.
- The latest quarterly report from the company showed modest freight revenue, high cash burn and a warning about its ability to keep operating.
Singularity Future Technology Ltd. stayed under 40 cents in late Tuesday U.S. after-hours, with shares last quoted at $0.3928, down 1.53 cents. The logistics company is still well below Nasdaq’s $1 minimum bid-price rule, even after the exchange extended the deadline for compliance. SGLY has not cleared the threshold.
The clock is ticking. Nasdaq hadn’t started its regular session in New York yet; normal hours are 9:30 a.m. to 4:00 p.m. ET, while pre-market goes from 4:00 a.m. to 9:30 a.m. ET.
Nasdaq has given the company a second 180-day window to fix its listing issue, according to a May 20 filing. The firm now has until Nov. 16 to get its shares back above the $1 minimum bid price set by the Nasdaq Capital Market. Shares have not met that requirement. The minimum bid price is the lowest closing price a stock can have to stay on the exchange.
Singularity has to get its common stock to close at $1 or higher for 10 days in a row to fix the breach before the deadline. The company told Nasdaq it might go for a reverse stock split if it has to. That would cut the share count and push up the price per share, but wouldn’t affect the company’s actual value.
The stock’s weak session was notable as most of the market moved higher. The Nasdaq Composite gained 1.2% and the Russell 2000 picked up 1.8% as U.S. stocks traded up Tuesday after the Memorial Day holiday, according to the Associated Press.
Singularity isn’t seeing the kind of action mainstream freight stocks get. Bigger logistics players C.H. Robinson Worldwide was last at $177.91 and Expeditors International at $160.70. Both have market caps over $21 billion. Singularity’s latest price still points to a much smaller micro-cap.
Singularity’s operations are concentrated, with most of its business in freight logistics for steel companies via Trans Pacific Shipping Ltd., according to its latest quarterly report. The company also reported that its solar panel production and distribution segment has not brought in revenue.
Revenue was up 11.2% to $403,684 in the March quarter, but gross profit slid to $49,832 from $302,763 a year ago as costs climbed. Net income for the quarter came in at $4.5 million, boosted by a $4.85 million reversal related to class-action settlement expenses. That number wasn’t driven by operating profit.
The balance sheet is tight. Singularity had $2.2 million in cash and restricted cash as of March 31. Net cash used in operating activities was $21.2 million for the nine months ended March 31. In its filing, the company said those losses and cash outflows raise “substantial doubt” about its ability to keep going as a business, pointing to the need for new financing or better cash flow.
Customer concentration remains a risk for Singularity. The company said all revenue for both the three-month and nine-month periods ended March 31 came from just one customer. That leaves sales exposed if there’s a change in that business relationship.
But keeping the Nasdaq extension gives the company more time. If the bid moves above $1 and stays there for the minimum stretch—either through buying in the market, a reverse split, or both—it can meet the listing rules again. If that doesn’t happen, Nasdaq would send notice that the stock faces delisting, but Singularity could appeal to a Nasdaq Hearings Panel.
Singularity’s next step isn’t about grabbing headlines—it’s about staying listed, stabilizing liquidity, and proving its freight business can handle public company costs. For now, the sub-dollar share price is still what matters most to investors.
