Singularity Future Technology (SGLY) Proxy filing summary

Executive summary

• Amended proxy adds approval for a future issuance under Nasdaq Rule 5635(d), expands the proposed August 2026 financing authorization to up to 250 million shares, and reflects postponement of the special meeting to November 9, 2026.

• The Board recommends voting FOR all five proposals; the record date is October 26, 2026, with one vote per outstanding common share.

Voting matters and shareholder proposals

• Proposal 1 seeks approval for up to 250 million shares under a future amendment to the August 2026 securities purchase agreement; parameters include a $30 million maximum, up to an 80% market discount, and closing by February 9, 2027.

• Proposal 2 seeks approval to issue 6,897,636 amended warrants, each exercisable for one share at $0.001; warrants are immediately exercisable, expire five years after issuance, and may be cashlessly exercised in specified registration circumstances.

• Proposal 3 would change the legal name to Compower Ltd.; if approved and implemented, the Board may file the amendment as soon as the next business day, with no change to Nasdaq listing or trading.

• Proposal 4 authorizes a 1-for-5, 1-for-10, or 1-for-20 reverse split, with fractional shares rounded up; the Board may implement or abandon it by the first anniversary of approval.

• Proposal 5 seeks approval for one future issuance under Nasdaq Rule 5635(d), with parameters including up to 250 million shares and 250 million warrant shares, a $100 million maximum, an 80% maximum discount, and closing by February 9, 2027.

Board of directors and corporate governance

• If Proposal 4 passes, the Board will select the reverse-split ratio and timing, considering Nasdaq listing requirements, trading conditions, investor interest, and financing needs; it may decide not to proceed.

• The Board unanimously approved and declared advisable the reverse-split amendment and recommends its approval.