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Skyline Builders Group Holding Limited Announces Pricing of Private Placement of Convertible Notes and Preferred Shares
HONG KONG, March 23, 2026 (GLOBE NEWSWIRE) -- Skyline Builders Group Holding Limited (NASDAQ: SKBL), a Cayman Islands exempted company with limited liability
About this update from Skyline Builders Group Holding Limited
[{"type":"text","content":"HONG KONG, March 23, 2026 (GLOBE NEWSWIRE) -- Skyline Builders Group Holding Limited (NASDAQ: SKBL), a Cayman Islands exempted company with limited liability (the “Company”), today announced the pricing of a brokered private placement (the “Private Placement”) of senior unsecured convertible notes of the Company (the “Notes”) and 250,000 class B preferred shares, par value $0.00001 per share, (the “Preferred Shares”) for total gross proceeds of approximately $17,175,000.00, before deducting placement agent fees and other offering expenses payable by the Company. Each Note is convertible into class A ordinary shares, par value $0.00001 per share (the “Class A Ordinary Shares”), with a conversion price of $2.40 per share, subject to certain anti-dilution adjustments, but in no event less than $1.50 per share and other customary adjustments for share splits, recapitalizations, reorganizations and similar transactions. Each Preferred Share is convertible into Class A Ordinary Shares with a conversion price of $2.40 per share, subject to certain anti-dilution adjustments, but in no event less than $1.50 per share and other customary adjustments for share splits, recapitalizations, reorganizations and similar transactions. Approximately $16,575,000.00 of Notes were issued under a Regulation D offering to US based investors and approximately $600,000.00 of Preferred Shares were issued under a Regulation S offering to non-US investors. Dominari Securities LLC acted as placement agent for the Notes and Ocean Wall Ltd. acted as introducer for the Preferred Shares. The Company will also enter into Registration Rights Agreements, pursuant to which the Company will agree to file a registration statement on Form F-1 (or other suitable form) with the U.S. Securities and Exchange Commission (the “SEC”) within sixty (60) business days following the closing for the resale of the Class A Ordinary Shares underlying the securities issued in connection with the Private Placement. The Private Placement is expected to close on or about March 24, 2026, subject to the satisfaction of customary closing conditions. The securities to be issued and sold by the Company in the Private Placement, including the underlying Class A Ordinary Shares, have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities...