SGLY — what changed in the latest 10-K
A section-by-section comparison of SGLY's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-K · 2026-09-29 vs the prior 10-K · 2025-10-14
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| Business | Text added/removed | +16 | −48 | ~8 | 56 |
| Risk factors | Text added/removed | +11 | −7 | ~5 | 33 |
| MD&A | Text added/removed | +54 | −46 | ~2 | 6 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Legal proceedings, Market risk (Item 7A)
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
Business
Text added vs the prior filing · source: 10-K · 2026-09-29
Singularity Future Technology Ltd. (formerly Sino-Global Shipping America, Ltd.) is a global integrated logistics solution provider with a 25+ year operating history, strategically positioned to serve industrial and commercial clients across North America, Greater China, and key global trade corrido…
The Company’s primary operating focus remains the provision of end-to-end, customized freight logistics services, with deep historical specialization in supporting the global steel industry, complemented by broad coverage for cross-border trade clients across manufacturing, retail, and e-commerce se…
1. Inland cargo collection and pre-shipment consolidation at origin locations across China
2. Full-container-load (FCL) and less-than-container-load (LCL) ocean freight booking and management
3. Last-mile final delivery to client-designated industrial yards, retail warehouses, or end customer addresses
Text removed vs the prior filing · source: 10-K · 2025-10-14
We are a global logistics integrated solution provider that was founded in the United States in 2001. On September 18, 2007, the Company merged into a new corporation, Sino-Global Shipping America, Ltd. in Virginia. On January 3, 2022, the Company changed its corporate name to Singularity Future Tec…
In 2017, we began exploring new opportunities to expand our business and generate more revenue. These opportunities ranged from complementary businesses to other new service and product initiatives. In the fiscal year 2022, while we continued to provide our traditional freight logistics business, we…
We are currently engaged in providing freight logistics services including warehouse services, which are operated by our subsidiaries Trans Pacific Shipping Limited in China and Gorgeous Trading Ltd. and Brilliant Warehouse Service Inc in the United States. Our range of services include transportati…
As a holding company with no material operations, conduct substantially all of our operations through subsidiaries established in the United States, the People’s Republic of China (the “PRC” or “China”) and Hong Kong. However, neither the holding company nor any of the Company’s Chinese subsidiaries…
Brilliant Warehouse Service Inc. (“Brilliant Warehouse”) ● A Texas corporation 51% owned by SGS NY
Risk factors
Text added vs the prior filing · source: 10-K · 2026-09-29
On November 19, 2025, the Company received a staff determination notice from the Nasdaq, informing the Company that its Common Stock failed to comply with the $1 minimum bid price required for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2) for the 30 consecutive …
On August 10, 2026, the Company received a written notification from Nasdaq, indicating that the Company has regained compliance with the Rule 5550(a)(2), based on the closing bid price of the Company’s Common Stock for the last 10 consecutive business days, from July 27, 2026 to August 7, 2026. Acc…
There can be also no assurance that our stock price will continue to meet the minimum bid price requirement or we will meet other requirements for continued listing on Nasdaq. If our common stock is delisted from Nasdaq and we are unable to list our common stock on another national securities exchan…
Our proposed data center business is at an early stage, and we may not enter into definitive agreements or successfully develop or operate the contemplated project.
In August 2026, we entered into a non-binding strategic development framework agreement with Florence Development LLC relating to an approximately 900-acre industrial site in Florence, South Carolina, pursuant to which the parties intend to evaluate the potential development of a large-scale platfor…
Text removed vs the prior filing · source: 10-K · 2025-10-14
We and our potential solar partners depend on a limited number of suppliers of solar panels, and other system components to adequately meet anticipated demand for our solar panel offerings. Any shortage, bottlenecks, delay, detentions, or component price change from these suppliers, or the acquisiti…
We and our potential solar partners purchase solar panels, and other system components from a limited number of suppliers, making us susceptible to quality issues, shortages, bottlenecks, and price changes. If we or our potential solar partners fail to develop, maintain and expand our relationships …
The acquisition of a supplier by one of our competitors could also limit our access to such components and require significant redesigns of our solar energy systems or installation procedures and have a material adverse effect on our business.
On July 7, 2023, the Company received a notification from Nasdaq stating that the Company was not in compliance with Nasdaq Listing Rules due to its failure to timely hold an annual meeting of shareholders for the fiscal year ended June 30, 2022, which is required to be held within twelve months of …
On July 13, 2023, the Company received a notice from Nasdaq stating that the Company no longer complies with Nasdaq’s independent director and audit committee requirements under Nasdaq’s Listing Rule 5605 following the resignation of Tieliang Liu from the Company’s board of directors and audit commi…
MD&A
Text added vs the prior filing · source: 10-K · 2026-09-29
On January 3, 2022, we changed our corporate name to Singularity Future Technology Ltd. to align with our entry into the digital assets business through our U.S. subsidiaries. Currently, we primarily focus on providing freight logistics services, which include shipping, and other logistical support …
On August 6, 2025, we dissolved our subsidiary, Brilliant Warehouse Service Inc.
On September 25, 2025, we entered into a share transfer agreement with a third party and disposed its subsidiary, New Energy Tech Limited, for a consideration of $2.7 million.
On June 19, 2025, the Company entered into a securities purchase agreement (the “SPA”) with eighteen investors, under which the Company agreed to sell an aggregate of 32,188,841 units (the “Units”), each Unit consisting of one share of the Company’s Common Stock, and three warrants, with each Warran…
On August 12, 2026, the Company and the Investors entered into an amendment to the SPA (the “Amendment to SPA”), pursuant to which the Company agreed to issue amended and restated warrants (the “Amended and Restated Warrants”), with each Amended and Restated Warrant exercisable to purchase one share…
Text removed vs the prior filing · source: 10-K · 2025-10-14
We previously focused on providing customized freight logistics services, but starting in 2017, we began exploring new opportunities to expand our business and generate more revenue. These opportunities ranged from complementary businesses to other new service and product initiatives. In the fiscal …
For the fiscal year ended June 30, 2024, we were engaged in providing freight logistics services including warehouse services, which were operated by our subsidiaries Trans Pacific Shipping Limited and Gorgeous Trading Ltd. and Brilliant Warehouse Service Inc in the United States, . Our range of ser…
On February 9, 2024, the Company effectuated a 1-for-10 reverse stock split of its common stock. Beginning on February 12, 2024, the Company’s common stock trades on The Nasdaq Stock Market on a split adjusted basis. Upon effectiveness of the reverse stock split, every 10 shares of the Company’s iss…
On January 3, 2024, the Company received a Staff determination notice from Nasdaq notifying the Company of the Staff’s determination to delist the Company’s securities from Nasdaq because of the Company’s failure to regain compliance with the $1 per share minimum bid price requirement required for c…
On March 12, 2024, the Company received a formal notification from the Nasdaq Stock Market LLC confirming that the Company had regained compliance with bid price requirement required for continued listing on the Nasdaq as set forth in Listing Rule 5550(a)(2). Consequently, the scheduled hearing befo…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice