SKBL · Skyline Builders Group Holding Ltd. Class A

Summary

Skyline Builders Group Holding Limited announced the pricing of a private placement of $16,575,000 senior unsecured convertible notes to US investors under Regulation D and $600,000 Series B Preferred Shares to non-US investors under Regulation S, for total gross proceeds of approximately $17,175,000 before fees. The securities are convertible into Class A Ordinary Shares at $2.40 per share, with Dominari Securities LLC as placement agent for notes and Ocean Wall Ltd. as introducer for preferred shares.

Key takeaways

• Private placement priced at $17,175,000 total gross proceeds
• Notes: $16,575,000 principal, convertible into Class A Ordinary Shares at $2.40/share (floor $1.50)
• Preferred Shares: 250,000 Class B shares for $600,000, convertible at $2.40/share (floor $1.50)
• Notes issued under Reg D to US investors; Preferred under Reg S to non-US investors
• Placement Agent Warrants issued to Dominari for 552,500 shares at $2.60 exercise price
• Expected closing on or about March 24, 2026
• Registration statement for resale to be filed within 60 business days post-closing