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].