Hong Kong, Aug. 27, 2025 (GLOBE NEWSWIRE) -- Skyline Builders Group Holding Limited (NASDAQ: SKBL) (the âCompanyâ), a civil engineering services provider in Hong Kong, today announced that it has entered into a definitive securities purchase agreement dated August 27, 2025 with accredited investors for the issuance and sale (the âOfferingâ) of up to 24,349,315 Class A Ordinary Shares, par value $0.00001 per share (each, a âClass A Ordinary Shareâ) and/or prefunded warrants to purchase Class A Ordinary Shares (the âPrefunded Warrantsâ) in lieu of Class A Ordinary Shares, at a price of $0.73 per share, together with the Companyâs Class A Ordinary Share Purchase Warrant As to purchase up to 24,349,315 Class A Ordinary Shares (the âA Warrantsâ) and the Companyâs Class A Ordinary Share Purchase Warrant Bs to purchase up to 24,349,315 Class A Ordinary Shares (the âB Warrantsâ) in a brokered private placement on a best-efforts basis, for a combined aggregate gross proceeds of approximately
Related Questions
How will the dilution from issuing up to 24.35 million shares and prefunded warrants affect earnings per share and existing shareholder value?
What are the terms and expiry dates of the Class A Ordinary Share Purchase Warrants (A and B Warrants), and how might they impact future capital raising or share price volatility?
How does the $0.73 per share pricing compare to the current market price and recent financing transactions in the civil engineering sector, and what does it indicate about investor demand and the company's valuation?