Skyline Builders Group Holding Ltd. Announces Closing of $17.775 Million Private Placement
Skyline Builders Group (NASDAQ: SKBL), a Hong Kong-based civil engineering services provider, has successfully closed a $17.775 million private placement on August 29, 2025. The offering included 1,359,314 Class A ordinary shares and 22,990,000 prefunded warrants, along with A and B Warrants to purchase up to 24,349,314 Class A Ordinary Shares each.
The pricing structure included combinations of shares/warrants at $0.73 and prefunded warrant combinations at $0.7299. Of the proceeds, $7 million was used to retire 18.5 million shares owned by the CEO's company, with remaining funds allocated for working capital. The placement was co-led by Revere Securities, Dominari Securities, and Pacific Century Securities, with American Ventures participating as a strategic investor.
Skyline Builders Group (NASDAQ: SKBL), societ脿 di ingegneria civile con sede a Hong Kong, ha completato con successo il placement privato da 17,775 milioni di dollari il 29 agosto 2025. L'offerta comprendeva 1.359.314 azioni ordinarie di Classe A e 22.990.000 warrant prefunded, insieme a warrant di tipo A e B per l'acquisto fino a 24.349.314 azioni ordinarie di Classe A ciascuno.
La struttura dei prezzi prevedeva combinazioni azioni/warrant a 0,73 $ e combinazioni con warrant prefunded a 0,7299 $. Dei proventi, 7 milioni di dollari sono stati utilizzati per ritirare 18,5 milioni di azioni detenute dalla societ脿 del CEO; il resto dei fondi 猫 stato destinato al capitale circolante. Il collocamento 猫 stato co-diretto da Revere Securities, Dominari Securities e Pacific Century Securities, con la partecipazione strategica di American Ventures.
Skyline Builders Group (NASDAQ: SKBL), proveedor de servicios de ingenier铆a civil con sede en Hong Kong, cerr贸 con 茅xito un colocaci贸n privada de 17,775 millones de d贸lares el 29 de agosto de 2025. La oferta incluy贸 1.359.314 acciones ordinarias Clase A y 22.990.000 warrants prefinanciados, adem谩s de Warrants A y B para comprar hasta 24.349.314 acciones ordinarias Clase A cada uno.
La estructura de precios contempl贸 combinaciones acciones/warrants a 0,73 $ y combinaciones con warrants prefinanciados a 0,7299 $. De los ingresos, 7 millones de d贸lares se destinaron a retirar 18,5 millones de acciones propiedad de la empresa del CEO, y el resto se asign贸 a capital de trabajo. La colocaci贸n fue co-liderada por Revere Securities, Dominari Securities y Pacific Century Securities, con American Ventures participando como inversor estrat茅gico.
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臧�瓴� 甑“電� 欤检嫕/鞗岆煱韸� 臁绊暕鞚� 0.73雼煬, 頂勲Μ韼�霐旊摐 鞗岆煱韸� 臁绊暕鞚� 0.7299雼煬搿� 靹れ爼頄堨姷雼堧嫟. 靾橃澋旮� 欷� 700毵� 雼煬電� CEO 靻岇湢 須岇偓臧� 氤挫湢頃� 1,850毵� 欤茧ゼ 靻岅皝頃橂姅 雿� 靷毄霅橃棃瓿�, 雮橂ǜ歆� 鞛愱笀鞚� 鞖挫爠鞛愲掣鞙茧 氚半秳霅橃棃鞀惦媹雼�. 氤� 氚滍枆鞚� Revere Securities, Dominari Securities, Pacific Century Securities臧� 瓿惦彊 欤缄磤頄堨溂氅� American Ventures臧� 鞝勲灥鞝� 韴瀽鞛愲 彀胳棳頄堨姷雼堧嫟.
Skyline Builders Group (NASDAQ: SKBL), prestataire de services de g茅nie civil bas茅 脿 Hong Kong, a cl么tur茅 avec succ猫s un placement priv茅 de 17,775 millions de dollars le 29 ao没t 2025. L'offre comprenait 1 359 314 actions ordinaires de classe A et 22 990 000 warrants pr茅financ茅s, ainsi que des Warrants A et B permettant d'acheter jusqu'脿 24 349 314 actions ordinaires de classe A chacun.
La structure de prix pr茅voyait des combinaisons actions/warrants 脿 0,73 $ et des combinaisons avec warrants pr茅financ茅s 脿 0,7299 $. Sur les produits, 7 millions de dollars ont servi 脿 racheter 18,5 millions d'actions d茅tenues par la soci茅t茅 du PDG ; le solde a 茅t茅 affect茅 au fonds de roulement. Le placement a 茅t茅 co-dirig茅 par Revere Securities, Dominari Securities et Pacific Century Securities, American Ventures participant en tant qu'investisseur strat茅gique.
Skyline Builders Group (NASDAQ: SKBL), ein in Hongkong ans盲ssiger Anbieter von Tiefbauleistungen, hat am 29. August 2025 erfolgreich eine Private Placement 眉ber 17,775 Millionen US-Dollar abgeschlossen. Das Angebot umfasste 1.359.314 Class-A-Stammaktien und 22.990.000 prefunded Warrants sowie A- und B-Warrants zum Kauf von jeweils bis zu 24.349.314 Class-A-Stammaktien.
Die Preisstruktur sah Aktien/Warrant-Kombinationen zu 0,73 $ und Kombinationen mit prefunded Warrants zu 0,7299 $ vor. Von den Erl枚sen wurden 7 Millionen Dollar verwendet, um 18,5 Millionen vom CEO gehaltene Aktien zur眉ckzukaufen; die verbleibenden Mittel wurden dem Betriebskapital zugef眉hrt. Das Placement wurde gemeinsam von Revere Securities, Dominari Securities und Pacific Century Securities gef眉hrt, American Ventures war als strategischer Investor beteiligt.
- Secured significant funding of $17.775 million through private placement
- Strategic investor American Ventures participated in the offering
- Immediate warrant exercisability provides quick access to additional capital if needed
- $7 million of proceeds used to retire CEO's shares rather than business growth
- Significant potential dilution from 24.3M A Warrants and 24.3M B Warrants
- Securities not registered under Securities Act, limiting immediate tradability
Insights
SKBL raised $17.8M in a complex private placement while retiring $7M of CEO-owned shares, diluting existing shareholders.
Skyline Builders Group has completed a
The financing's structure merits careful analysis. The offering price of
Of particular note is the immediate use of
The involvement of American Ventures as a strategic investor suggests potential for business development beyond simple capital infusion. However, with the majority of funds after the share retirement designated broadly for "working capital and general corporate purposes," there's limited visibility into specific growth initiatives this capital will support.
The unregistered nature of these securities and the company's commitment to file a registration statement for resale indicates this was a traditional PIPE (Private Investment in Public Equity) transaction, typically used when public market conditions are challenging for direct offerings.
Hong Kong, Sept. 02, 2025 (GLOBE NEWSWIRE) -- Skyline Builders Group Holding Limited (NASDAQ: SKBL) (the 鈥淐ompany鈥�), a civil engineering services provider in Hong Kong, today announced that on August 29, 2025 (the 鈥淐losing Date鈥�) it听 closed its private placement (the 鈥淥ffering鈥�) of 1,359,314 Class A ordinary shares, par value
Each Pre-funded Warrant is immediately exercisable and entitles the holder to acquire one Class A Ordinary Share at an exercise price of
On the Closing Date, the Company received aggregate gross proceeds of
The Company used or shall use the net proceeds from the sale of the securities hereunder as follows: (a) on the Closing Date, approximately
Revere Securities LLC, Dominari Securities LLC, and Pacific Century Securities (collectively, the 鈥淧lacement Agents鈥�) acted as co-placement agents for the Offering. The investors of the Offering include American Ventures, a strategic investor, and a high net worth individual.
The securities offered and sold by the Company in the Offering have not been registered under the Securities Act of 1933, as amended (the 鈥淪ecurities Act鈥�), or state securities laws and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission (the 鈥淪EC鈥�) or an applicable exemption from such registration requirements. The Company has agreed to file a registration statement with the SEC covering the resale of the Class A Ordinary Shares, and the shares underlying the Pre-funded Warrants, the A Warrants and the B Warrants to be issued in the private placement, and certain warrants paid to the Placement Agents. Any resale of the Company鈥檚 shares under such resale registration statement will be made only by means of a prospectus.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The securities will not be registered under the Securities Act or any state securities laws when issued at the closing of the private placement, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state laws.
About Skyline Builders Group Holding Limited
Skyline Builders Group Holding Limited (NASDAQ: SKBL) operates as an Approved Public Works Contractor undertaking roads and drainage to its customers in Hong Kong. Its construction activities mainly include public civil engineering works, such as road and drainage works, in Hong Kong. It mostly undertakes civil engineering works in the role of subcontractor, while it is also fully qualified to undertake such works in the capacity of main contractor. The Company鈥檚 public sector projects mainly involve infrastructure developments while private sector projects mainly involved residential and commercial developments.
Forward-Looking Statements
This press release contains forward-looking statements that are subject to various risks and uncertainties. These forward-looking statements include statements regarding the proposed Share Consolidation, the Company鈥檚 ability to grow its business, and other statements that are not historical facts, including statements which may be accompanied by the words 鈥渋ntends,鈥� 鈥渕ay,鈥� 鈥渨ill,鈥� 鈥減lans,鈥� 鈥渆xpects,鈥� 鈥渁nticipates,鈥� 鈥減rojects,鈥� 鈥減redicts,鈥� 鈥渆stimates,鈥� 鈥渁ims,鈥� 鈥渂elieves,鈥� 鈥渉opes,鈥� 鈥減otential,鈥� or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company鈥檚 registration statement and in its other filings with the SEC.
For more information, please contact:
Skyline Builders Group Holding Limited
Investor Relations Department
Email: 听
FAQ
How much did Skyline Builders Group (SKBL) raise in their private placement?
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