Fantastic NECK, N.Y., May perhaps 25, 2022 /PRNewswire/ — Singularity Potential Engineering Ltd. (“Singularity” or the “Company”) (Nasdaq: SGLY) now announced it obtained a detect of non-compliance from Nasdaq Inventory Sector LLC (“Nasdaq”) on Could 24, 2022 notifying the Company that, as a end result of the Company’s failure to timely file its Quarterly Report on Type 10-Q for the quarterly period finished March 31, 2022 (the “Kind 10-Q”), the Business is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Rule”), which requires outlined providers to timely file all periodic money reports with the U.S. Securities and Trade Fee (the “SEC”).
Less than Nasdaq’s listing procedures, the Organization has 60 calendar times to post a approach to get back compliance. If the prepare is approved by Nasdaq, the Organization can be granted up to 180 calendar times from the Variety 10-Q because of date, or right up until November 21, 2022, to regain compliance.
The Company is working diligently to full its Type 10-Q and intends to file the Type 10-Q as shortly as practicable to regain compliance with the Rule. This see has no instant impact on the listing or trading of the Company’s widespread stock on the Nasdaq nevertheless, if the Corporation fails to well timed regain compliance with the Rule, the Firm’s widespread inventory will be subject matter to delisting from Nasdaq.
About Singularity Potential Technological know-how Ltd. (Nasdaq: SGLY)
On January 3, 2022, the Corporation improved its title from Sino-World wide Transport The united states, Ltd. to Singularity Long term Technological innovation Ltd. (Nasdaq: SGLY). Because 2020, it strategies to produce a presence in the Blockchain provide administration space by focusing on remedies for globally interconnected networks and establishing crypto mining swimming pools. As the Blockchain landscape continually shifts, the Organization strives to present involvement and an ecosystem for its clients in this ever-modifying area. The Organization is setting up on its existence as a global logistics and ship administration providers organization, launched in 2001 in New York, with subsidiaries in New York, Houston, Montreal, Hong Kong, Shanghai, and Ningbo, China. The Business supplied clients with all of their shipping logistics and company requires as a entire-assistance service provider. More data about the Company can be found on the Company’s corporate internet site at www.singularity.us.
Specified statements created herein are “ahead-on the lookout statements” within the indicating of the “harmless harbor” provisions inside of the this means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Exchange Act of 1934, as amended. Ahead-looking statements include statements about the Company’s anticipations relating to the Company’s capacity to file the Kind 10-Q with the SEC and get back compliance with the Nasdaq Listing Rule. Ahead-wanting statements incorporate statements that are not historic information and can be identified by phrases such as “anticipate,” “consider,” “could,” “estimate,” “assume,” “intend,” “may,” “prepare,” “likely,” “predict,” “challenge,” “search for,” “should,” “will,” “would” or very similar expressions and the negatives of people phrases. The Firm’s actual outcomes and the timing of occasions could materially differ from people predicted in this kind of forward-on the lookout statements as a final result of selected challenges and uncertainties which includes these explained in additional element in the Firm’s most recent Yearly Report on Kind 10-K for the fiscal yr finished June 30, 2021 and other documents on file with the SEC, just about every of which can be identified on the SEC’s site, www.sec.gov, or the trader relations portion of the Company’s website. Besides as demanded by legislation, the Organization assumes no obligation to update these ahead-looking statements, or to update the good reasons true outcomes could differ materially from all those anticipated in these ahead-wanting statements, even if new facts results in being out there in the future.
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