
Skyline Builders Group Holding Ltd. Prices ~$23.9 M Private Placement
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Related Stocks:SKBL
Skyline Builders Group Holding Limited (NASDAQ: SKBL), a Hong Kong–based civil‑engineering contractor, has agreed to sell 17,370,909 Class A ordinary shares (and/or pre‑funded warrants in lieu of shares) along with up to 17,370,909 ordinary share‑purchase warrants in a brokered private placement. The units are priced at $1.375 each (or $1.37499 for a pre‑funded warrant unit), for aggregate gross proceeds of approximately $23.885 million (before fees and expenses).
Each pre‑funded warrant will be exercisable upon issuance for one Class A share at $0.0001, and each ordinary warrant will entitle the holder to purchase one Class A share at $1.50 per share, exercisable until the fifth anniversary of issuance.
The closing of the offering is expected on or about October 30, 2025, subject to customary closing conditions.
Skyline Builders says it plans to use the net proceeds for general working capital and other corporate purposes. The placement agents include Dominari Securities LLC, Revere Securities LLC and Pacific Century Securities.
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