Skyline Builders Group Holding Ltd. Announces Pricing of $23.9 Million Private Placement

Core Points - Skyline Builders Group Holding Limited has entered into a definitive securities purchase agreement for a private placement of 17,370,909 Class A ordinary shares and associated warrants, aiming for gross proceeds of approximately $23.885 million [1][3] Group 1: Offering Details - The offering includes Class A ordinary shares and prefunded warrants, with a purchase price of $1.375 for one Class A ordinary share and one ordinary warrant, and $1.37499 for one prefunded warrant and one ordinary warrant [1][2] - Each prefunded warrant is immediately exercisable at an exercise price of $0.0001 per share, while each ordinary warrant is exercisable at $1.50 per share until the fifth anniversary of issuance [2] Group 2: Use of Proceeds - The company intends to use the net proceeds from the offering for general working capital and other corporate purposes [3] Group 3: Company Overview - Skyline Builders Group Holding Limited operates as an approved public works contractor in Hong Kong, focusing on civil engineering services, including roads and drainage works [6] - The company primarily undertakes public sector infrastructure projects and private sector residential and commercial developments [6]