SKK · Rantizo

SKK Holdings Limited, a civil engineering service provider specializing in subsurface utility works in Singapore, is executing a 10-for-1 share consolidation to address non-compliance with Nasdaq Marketplace Rule 5550(a)(2), which pertains to the minimum bid price requirement. The board of directors approved the consolidation on March 25, 2026, with the marketplace effective date set for April 6, 2026. This corporate action is critical for the company to maintain its Nasdaq listing, which is essential for liquidity and access to U.S. capital markets. As a result of the consolidation, every 10 ordinary shares will automatically combine into one share, reducing the total issued and outstanding shares from 24,375,000 to approximately 2,437,500. The shares will continue to trade under the ticker symbol 'SKK' on the Nasdaq Capital Market but will be assigned a new CUSIP number G8292E110. The company has clarified that no fractional shares will be issued; instead, shareholders entitled to fractional shares will receive one full share in lieu thereof. This action reflects the company's proactive measures to meet listing standards while minimizing disruption to shareholders.