PN · Skycorp Solar Group Limited

Skycorp Solar Group Limited has secured $3.6 million through a second private placement of 1,685,000 Class A Ordinary Shares priced at $2.1365 per share, reflecting a 30.19% discount to the 15-day average closing price of $3.0603 from April 15 to May 5, 2026. This follows a $3.0 million first-round PIPE on May 1, 2026, totaling $6.6 million raised and 3,379,000 new shares issued, diluting existing shareholders to 13,900,025 total outstanding shares. The offering involves four unaffiliated institutional investors, with three—Hoping Group Limited, Matrix Sea Limited, and Hoping AI Machine Pte Ltd—expanding from the prior round, joined by new investor Helios Tech Limited subscribing for 1,295,500 shares worth $2,767,834. A six-month lock-up period from May 6, 2026, restricts sales, transfers, or hedging, supporting market stability. Conducted under Regulation S for non-U.S. persons in offshore transactions, the shares are unregistered. Proceeds target general corporate needs like working capital and business development, plus specific allocation for a potential 200MW wind farm in Chengde, Hebei Province, China, including feasibility studies and applications, signaling diversification beyond solar PV cables and connectors.