NINGBO, China, Feb. 12, 2026 (GLOBE NEWSWIRE) -- Skycorp Solar Group Limited (the “Company”) (NASDAQ: PN), a solar PV product provider engaged in the manufacture and sale of solar cables and solar connectors, today reported its financial results for the fiscal year 2025, ended September 30, 2025. Financial Highlights for Fiscal Year 2025 Revenue increased 26.97% year over year, to approximately $63.31 million in fiscal 2025 from approximately $49.86 million in the same period of last year. The increase refl ...

Core Viewpoint - Skycorp Solar Group Limited has received a notice from Nasdaq regarding non-compliance with the minimum bid price requirement for its Class A ordinary shares, which must be at least $1.00 for continued listing [1][2]. Compliance Period - The company has an initial compliance period of 180 calendar days, until April 28, 2026, to regain compliance with the minimum bid price requirement [2]. - To regain compliance, the closing bid price must be at least $1.00 for at least 10 consecutive business days [2]. Additional Compliance Options - If the company fails to regain compliance by April 28, 2026, it may be eligible for an additional 180 calendar day compliance period, provided it meets other listing requirements [3]. - The company must notify Nasdaq of its intention to cure the deficiency, potentially through a reverse stock split [3]. Monitoring and Operations - The company will actively monitor the closing bid price of its Class A ordinary shares, and the receipt of the notice does not affect its business operations [4]. Company Overview - Skycorp Solar Group Limited specializes in manufacturing and selling solar photovoltaic (PV) products, including solar cables and connectors [5]. - The company aims to become a green energy solutions provider for data centers by utilizing solar power and expanding its offerings of solar PV products and server solutions [6].

Core Viewpoint - Skycorp Solar Group Limited has announced a definitive agreement to acquire a 24.0% equity interest in Nanjing Cesun Power Co., Ltd. for approximately US$8.7 million, marking a strategic move into AI-driven energy technologies and green energy solutions [1][4]. Group 1: Acquisition Details - The acquisition will be financed through the issuance of 12,000,000 Class B ordinary shares to Skyline Tech Limited, which will be subject to a five-year lock-up period [2]. - Skyline currently holds 13,025,000 Class B ordinary shares, representing 97.0% of the voting power of the Company [2]. Group 2: Transaction Approval and Timeline - The transaction was approved by the Company's board of directors and audit committee on October 12, 2025 [3]. - The closing of the transaction is expected to occur on or before December 20, 2025, pending customary closing conditions [3]. Group 3: Strategic Implications - The Chairman and CEO of the Company emphasized that this transaction represents a strategic extension into AI-driven energy technologies, which is anticipated to drive sustainable growth and contribute to a sustainable future [4]. - The Company's mission focuses on becoming a green energy solutions provider by leveraging solar power and expanding its offerings of eco-friendly solar PV products [5].

Core Points - Skycorp Solar Group Limited held an extraordinary general meeting (EGM) on October 10, 2025, where shareholders approved a resolution regarding share consolidation [1][2][5] - The company focuses on manufacturing and selling solar photovoltaic (PV) products, specifically solar cables and connectors, and aims to expand its offerings for enterprise customers [2][3] Share Consolidation Details - The resolution includes consolidating every 100 shares into 1 share, with the possibility of a lesser amount as determined by the Board, ensuring no fractional shares are issued [5] - Shareholders will receive whole shares, rounding up any fractional shares to the next whole share [5] - The Board is authorized to implement the share consolidation and amend the company's memorandum and articles of association accordingly [5] Company Mission and Operations - Skycorp's mission is to become a green energy solutions provider by utilizing solar power and delivering eco-friendly solar PV products [3] - The company operates through subsidiaries, including Ningbo Skycorp Solar Co., Ltd., in China, leveraging expertise in solar technologies and global client relationships [2][3]

Core Viewpoint - Skycorp Solar Group Limited is adopting cryptocurrency as a payment method for international transactions starting August 1, 2025, supporting major digital assets like Bitcoin, Ethereum, and stablecoins [1][3]. Group 1: Cryptocurrency Adoption - The company will accept Bitcoin (BTC), Ethereum (ETH), and stablecoins such as USDC and USDT for international transactions [1]. - All digital currency payments will be processed through licensed RWS providers specializing in blockchain forensics to ensure regulatory compliance [3]. Group 2: Strategic Investments - Skycorp plans to allocate part of its cash reserves and returns from renewable energy projects to strategic acquisitions of Ethereum as part of its digital asset treasury management program [2]. - The company believes that investments in clean energy infrastructure and ETH staking align with long-term growth opportunities [3]. Group 3: Commitment to Sustainability - The company aims to deliver innovative, secure, and sustainable energy solutions while embracing technologies that support operational excellence and global accessibility [4]. - Skycorp's mission is to become a green energy solutions provider by utilizing solar power and delivering eco-friendly solar PV products [6].

Core Viewpoint - Skycorp Solar Group Limited has authorized a $150 million investment framework to pursue solar photovoltaic (PV) power plant acquisitions and development projects, marking a significant step in its strategic expansion into renewable energy infrastructure [1][4]. Company Strategy - The company aims to transition from component manufacturing to full-scale renewable energy solutions, emphasizing its commitment to the global energy transition [4]. - The CEO highlighted the combination of technological expertise and disciplined financial oversight as key to successful future acquisitions [4]. Investment Framework - The investment framework is set at $150 million, which will be utilized for acquiring and developing solar PV power plants [1]. - All capital expenditures and fund allocations will be conducted cautiously and incrementally to align with the company's strategic priorities and financial capabilities [4]. Due Diligence Process - The company will conduct comprehensive due diligence on potential power plant targets, focusing on legal ownership, regulatory compliance, and asset quality to mitigate transactional risks [3]. Company Background - Skycorp Solar Group Limited specializes in manufacturing and selling solar cables and connectors, with operations managed through subsidiaries, including Ningbo Skycorp Solar Co., Ltd. in China [5]. - The company's mission is to become a green energy solutions provider by leveraging its expertise in solar technologies and expanding its offerings for enterprise customers [6].