SinglePoint prices 800,000 shares at $5.00 in underwritten public offering

SinglePoint announced the pricing of its underwritten public offering of 800,000 shares of common stock at a public offering price of $5.00 per share. The gross proceeds from the offering, before underwriting discounts and commissions and estimated offering expenses payable by the Company, are expected to be $4,000,000. In addition, the Company has granted the underwriters a 45-day option to purchase up to 120,000 additional shares of common stock at the public offering price, less the underwriting discount. In connection with the offering, the Company will effectuate a reverse split of its issued and outstanding common stock at a ratio of 1-for-26. The reverse stock split is expected to be effective at 12:01 a.m., Eastern Time, on Friday, December 15, 2023. The share numbers and pricing information in this release are adjusted to reflect the impact of the reverse stock split. The new CUSIP number for the common stock following the reverse split is 82932V409. The shares are expected to begin trading on the BZX Exchange, a division of Cboe Global Markets on December 15, 2023 under the ticker symbol “SING“. The offering is expected to close on December 19, 2023, subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds of the public offering for general corporate purposes and to repay up to $500,000 of its indebtedness. Alexander Capital L.P. is acting as sole book-running manager for the offering. McGuireWoods LLP served as counsel to the Company. Manatt Phelps & Phillips LLP served as counsel to the underwriters.