
SkylineâŊBuildersâŊGroupâŊHolding Ltd. Prices ~$23.9âŊM Private Placement
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Skyline Builders Group Holding Limited (NASDAQ:âŊSKBL), a HongâŊKongâbased civilâengineering contractor, has agreed to sell 17,370,909 ClassâŊA ordinary shares (and/or preâfunded warrants in lieu of shares) along with up to 17,370,909 ordinary shareâpurchase warrants in a brokered private placement. The units are priced at $1.375 each (or $1.37499 for a preâfunded warrant unit), for aggregate gross proceeds of approximately $23.885âŊmillion (before fees and expenses).
Each preâfunded warrant will be exercisable upon issuance for one ClassâŊA share at $0.0001, and each ordinary warrant will entitle the holder to purchase one ClassâŊA share at $1.50 per share, exercisable until the fifth anniversary of issuance.
The closing of the offering is expected on or about OctoberâŊ30,âŊ2025, 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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