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ZenaTech Announces the Acquisition of Lescure Engineers Inc. Expanding Drone as a Service (DaaS) to California’s Precision Agriculture and Viticulture Markets
Globenewswire· 2025-09-11 12:00
Core Insights - ZenaTech, Inc. has announced the acquisition of Lescure Engineers Inc., marking its first Drone as a Service (DaaS) acquisition in Northern California, which is a strategic move to enter a dynamic market for precision agriculture and land development [1][2][4] Company Overview - ZenaTech specializes in AI drones, DaaS, Enterprise SaaS, and Quantum Computing solutions, aiming to enhance operational efficiencies and cost savings across various sectors including agriculture, defense, and logistics [5][6] - The company has been expanding its DaaS business through acquisitions, with a goal of establishing 25 DaaS locations by mid-next year [4] Market Context - California's agricultural economy, which includes nearly 90% of US vineyard acreage, presents a significant opportunity for ZenaTech's AI-powered DaaS solutions, particularly in precision agriculture [3] - The acquisition of Lescure Engineers, which has expertise in civil engineering and land surveying, is expected to enhance ZenaTech's capabilities in providing sustainable and precise solutions for agriculture and viticulture [2][3] Strategic Goals - The acquisition is part of ZenaTech's broader strategy to innovate within the drone industry by integrating existing businesses that can benefit from drone technology, thereby creating a scalable, tech-enabled multiservice drone business [4]
Skyline Builders Group Holding Ltd. Announces Closing of $17.775 Million Private Placement
Globenewswire· 2025-09-02 14:35
Core Viewpoint - Skyline Builders Group Holding Limited has successfully closed a private placement, raising a total of $17,775,000 through the issuance of Class A ordinary shares and various warrants [3][4]. Group 1: Private Placement Details - The private placement included 1,359,314 Class A ordinary shares, 22,990,000 prefunded warrants, and two types of warrants (A and B) to purchase up to 24,349,314 Class A ordinary shares each [1][2]. - The purchase price for a combination of one Class A ordinary share, one A warrant, and one B warrant was set at $0.73, while the combination of one prefunded warrant, one A warrant, and one B warrant was priced at $0.7299 [1]. Group 2: Use of Proceeds - Approximately $7,000,000 of the net proceeds from the offering was utilized to retire 18,500,000 Class A ordinary shares owned by Supreme Development (BVI) Holdings Limited, which is beneficially owned by the Company's CEO [4]. - The remaining proceeds are allocated for general working capital and other corporate purposes [4]. Group 3: Company Overview - Skyline Builders Group Holding Limited operates as an Approved Public Works Contractor in Hong Kong, focusing on civil engineering services, particularly in public sector infrastructure projects [8]. - The company primarily undertakes civil engineering works as a subcontractor but is also qualified to act as a main contractor [8].
Skyline Builders Group Holding Ltd. Announces $17.775 Million Private Placement
Globenewswire· 2025-08-27 12:45
Core Viewpoint - Skyline Builders Group Holding Limited has announced a definitive securities purchase agreement for the issuance and sale of up to 24,349,315 Class A Ordinary Shares and prefunded warrants, aiming to raise approximately $17,775,000 before fees and expenses [1][3]. Group 1: Offering Details - The offering price is set at $0.73 per share, with each prefunded warrant allowing the holder to acquire one Ordinary Share at an exercise price of $0.0001 per share [2]. - The A Warrants are immediately exercisable at an exercise price of $0.60 per share for five years, while the B Warrants are also immediately exercisable at $0.65 per share for the same period [2]. - The private placement is expected to close on August 27, 2025, subject to customary closing conditions [2]. Group 2: Use of Proceeds - Approximately $7,000,000 of the proceeds will be used to retire 18,500,000 Class A Ordinary Shares owned by Supreme Development (BVI) Holdings Limited, which is beneficially owned by the Company's CEO [3]. - The remaining proceeds will be allocated 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, particularly in roads and drainage [7]. - The company primarily undertakes public civil engineering works as a subcontractor but is also qualified to act as a main contractor [7]. - Its projects include infrastructure developments in the public sector and residential and commercial developments in the private sector [7].
Skyline Builders Group Holding Limited Announces Proposed Share Consolidation
Globenewswire· 2025-08-25 12:30
Core Viewpoint - Skyline Builders Group Holding Limited has proposed a share consolidation plan to be presented for shareholder approval, aiming to consolidate ten ordinary shares into one, or a lesser ratio determined by the Board, with the goal of enhancing the company's capital structure [1][2]. Company Overview - Skyline Builders Group Holding Limited operates as an Approved Public Works Contractor in Hong Kong, focusing on civil engineering services, particularly in public sector projects involving infrastructure developments, as well as private sector projects related to residential and commercial developments [5]. - The company primarily undertakes civil engineering works as a subcontractor but is also qualified to act as a main contractor [5]. Share Consolidation Details - The proposed share consolidation will be presented at an extraordinary general meeting, where shareholders will vote on the consolidation ratio, which is set at ten ordinary shares into one, with a minimum of two shares into one [2]. - If approved, the Board will determine the final consolidation ratio and effective date, with implementation expected within one year of approval [2]. - No fractional shares will be issued; any resulting fractional shares will be rounded up to the nearest whole share [3]. Meeting Information - Further details regarding the extraordinary general meeting will be provided in a proxy statement and notice distributed to shareholders [4].
SKK HOLDINGS LIMITED ANNOUNCES RECEIPT OF NASDAQ NOTIFICATION LETTER REGARDING MINIMUM PRICE DEFICIENCY
Globenewswire· 2025-04-16 21:28
Core Viewpoint - SKK Holdings Limited has received a notification from Nasdaq indicating that it no longer meets the minimum bid price requirement for continued listing, with a compliance period until October 13, 2025 to regain compliance [1][2][3]. Group 1: Compliance and Listing Requirements - The company has a compliance period of 180 calendar days to regain compliance with Nasdaq's continued listing requirement, specifically the minimum bid price of $1 per share [2]. - If the company fails to regain compliance within this period, it may be eligible for an additional 180 days if it meets other listing standards and provides written notice of its intention to cure the deficiency [2]. - The notification does not result in immediate delisting, and the company's shares will continue to trade under the symbol "SKK" [3]. Group 2: Company Overview - SKK Holdings Limited specializes in civil engineering services, particularly subsurface utility works in Singapore, with over 10 years of experience in public utility projects [4]. - The company focuses on planning, constructing, and maintaining various public works and infrastructure projects that serve societal and environmental needs [4].