<a href="https://laohu8.com/S/SKBL">Skyline Builders</a> Group Holding Ltd. Secures $17.775 Million in Private Placement to Fund Strategic Initiatives
Skyline Builders Group Holding Ltd. (NASDAQ: SKBL), a civil engineering services provider in Hong Kong, has closed a $17.775 million private placement. The offering included 1,359,314 Class A ordinary shares, 22,990,000 prefunded warrants, and Class A Ordinary Share Purchase Warrants A and B. The combination of a Class A Ordinary Share, an A Warrant, and a B Warrant was priced at $0.73, while the combination with a Prefunded Warrant was priced at $0.7299. The company intends to use approximately $7 million of the proceeds to retire shares owned by Supreme Development (BVI) Holdings Limited, with the remainder allocated for general working capital and corporate purposes. Revere Securities LLC, Dominari Securities LLC, and Pacific Century Securities acted as co-placement agents. The offering attracted investors, including American Ventures and a high net worth individual.
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