Skyline Builders Group Holding Ltd. Reveals $17.775 Million Private Placement Deal

Securities Offering Announcement: Skyline Builders Group Holding Limited has entered into a securities purchase agreement for a private placement, offering 17,370,909 Class A ordinary shares and warrants, aiming to raise approximately $23.9 million.

Warrant Details: The offering includes prefunded warrants and ordinary warrants, with specific exercise prices and terms, and is expected to close around October 30, 2025, pending customary conditions.

Use of Proceeds: The company plans to utilize the net proceeds from the offering for general working capital and corporate purposes.

Regulatory Compliance: The securities will not be registered under the Securities Act and cannot be sold in the U.S. unless registered or exempt, with a commitment to file a registration statement for resale of the shares.

Private Placement Announcement: Skyline Builders Group Holding Limited closed a private placement on August 29, 2025, raising approximately $17.8 million through the sale of Class A ordinary shares and various warrants, with proceeds primarily used to retire shares owned by the CEO and for general working capital.

Company Overview: Skyline Builders operates as a civil engineering contractor in Hong Kong, focusing on public infrastructure projects such as roads and drainage, and is qualified to work as both a subcontractor and main contractor.

Securities Offering Announcement: Skyline Builders Group Holding Limited has entered into a securities purchase agreement to issue up to 24,349,315 Class A Ordinary Shares and prefunded warrants at a price of $0.73 per share, aiming for gross proceeds of approximately $17.8 million.

Use of Proceeds: The company plans to use around $7 million from the offering to retire shares owned by its CEO, Ngo Chiu Lam, with the remaining funds allocated for general working capital and corporate purposes.

Warrant Details: The offering includes various warrants; Pre-funded Warrants allow acquisition at $0.0001 per share, while A Warrants and B Warrants have exercise prices of $0.60 and $0.65 respectively, both valid for five years post-closing.

Regulatory Compliance: The securities will not be registered under the Securities Act and cannot be sold in the U.S. without proper registration or exemption; the company intends to file a registration statement for resale of the shares involved.

Securities Purchase Agreement: Skyline Builders Group has signed an agreement to issue up to 24.35 million Class A shares and prefunded warrants at a price of $0.73 per share, along with additional warrants for the same amount.

Expected Proceeds: The private placement is anticipated to raise approximately $17.8 million in gross proceeds before any fees and expenses.

Use of Funds: About $7 million of the proceeds will be used to retire 18.5 million Class A ordinary shares owned by Supreme Development, while the remaining funds will be allocated for general working capital and corporate purposes.

Stock Performance: Following the announcement, SKBL shares rose by 15.61% in premarket trading, reaching a price of $0.622.

Share Consolidation Proposal: Skyline Builders Group Holding Limited announced a proposal for a share consolidation at a ratio of ten ordinary shares into one, to be presented for shareholder approval at an extraordinary general meeting.

Implementation Details: If approved, the Board will determine the final consolidation ratio and effective date, with implementation expected within one year. No fractional shares will be issued; any fractions will be rounded up to the nearest whole share.

Company Overview: Skyline Builders operates as a civil engineering services provider in Hong Kong, focusing on public works such as roads and drainage, primarily as a subcontractor but also qualified as a main contractor.

Forward-Looking Statements: The press release includes forward-looking statements regarding the company's future growth and the proposed share consolidation, cautioning that actual results may differ from expectations due to various risks and uncertainties.

Proposed Reverse Stock Split: Skyline Builders announced a proposed reverse stock split, pending shareholder approval, to consolidate ten ordinary shares into one.

Share Price Increase: The company's shares rose by 10.59% in pre-market trading, reaching $0.49.

Extraordinary General Meeting: Stockholders will vote on the share consolidation at an upcoming extraordinary general meeting, with the possibility of a lesser ratio determined by the board.

Implementation Timeline: The share consolidation is expected to be executed within one year after receiving stockholder approval.