Singularity Future Technology Ltd (SGLY) Stock Split History

Singularity Future Technology Ltd has split its stock 2 times since its initial public offering (IPO). The first stock split occurred on July 07, 2020 with the ratio of 1-for-5, meaning that for 5 shares of SGLY owned pre-split, shareholders then owned 1 share. The most recent stock split took place on February 12, 2024 on a 1-for-10 basis.

These actions have increased SGLY stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that a stock split only change the number of shares and the price per share with no impact on Singularity Future Technology Ltd's total market capitalization.

For more detailed information of Singularity Future Technology Ltd's stock splits, view the table below:

The answer will depend on the decisions of the company's managers and market volatility. Singularity Future Technology Ltd has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when SGLY stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Singularity Future Technology Ltd's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.