Skycorp to Hold Extraordinary General Meeting

Skycorp Solar Group (Nasdaq: PN) will hold an Extraordinary General Meeting (EGM) at its Ningbo executive office on June 10, 2026 at 10:00 a.m. local time.

Rhea-AI Summary

Skycorp Solar Group (Nasdaq: PN) will hold an Extraordinary General Meeting (EGM) at its Ningbo executive office on June 10, 2026 at 10:00 a.m. local time. Record holders as of May 6, 2026 Eastern Time are entitled to vote. Meeting notice and proxy form are posted on the company investor relations website.

Argus May 8 session

-24.64% close to close Open Argus

Details

News Market Reaction – PN

In the May 8 session, PN declined 24.64%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock dropped -24.6% in the session following this news. A negative reaction despite the procedu...

Analysis

The stock dropped -24.6% in the session following this news. A negative reaction despite the procedural nature of an EGM notice would fit a pattern where structural or governance milestones have not always supported the stock, as seen with the 1-for-20 reverse split’s -37.28% move. Shares already sit 91.18% below the 52-week high and below the $16.74 200-day MA. An effective $300,000,000 shelf also leaves room for future issuance, which the market has previously scrutinized.

Key Figures

EGM time: 10:00 a.m. EGM date: June 10, 2026 Record date: May 6, 2026

EGM time

10:00 a.m.

Scheduled time of extraordinary general meeting on June 10, 2026 (local time)

EGM date

June 10, 2026

Date of extraordinary general meeting at company’s Ningbo executive office

Record date

May 6, 2026

Shareholders of record on this date entitled to vote at the EGM

Historical Context

5 past events · Latest: May 06

5 events

1. May 06

   Second PIPE financing

   24h Move

   +19.0%

   Second private placement raising $3.6M at a discount, boosting liquidity.

2. May 01

   Acquisition & PIPE

   24h Move

   +89.2%

   Acquisition of remaining 56% of Nanjing Cesun plus $3.0M PIPE funding.

3. Apr 28

   Nasdaq compliance

   24h Move

   -1.6%

   Regained compliance with Nasdaq minimum bid rule after sustained $1.00+ closes.

4. Apr 08

   Reverse share split

   24h Move

   -37.3%

   1-for-20 reverse split to lift share price, sharply reducing share count.

5. Feb 12

   FY 2025 earnings

   24h Move

   +2.4%

   Revenue up 26.97% to $63.31M but with lower margin and a $2.21M net loss.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

proxy

1 terms

proxy regulatory

"Copies of the notice of the Meeting and the form of proxy are available"

A proxy is the authorization a shareholder gives to another person or document to cast votes on their behalf at a company meeting. Think of it like handing someone your voting ticket so they can represent your choices on board elections, executive pay, mergers and other big decisions; it matters because proxies determine who controls the company and which proposals pass, directly affecting share value and investor returns.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NINGBO, China, May 08, 2026 (GLOBE NEWSWIRE) -- Skycorp Solar Group Limited (the “Company” or “Skycorp”) (Nasdaq: PN), a solar PV product provider engaged in the manufacture and sale of solar cables and solar connectors, today announced that it will hold an extraordinary general meeting (the “EGM”) of shareholders at its executive office at Room 303, Block B, No.188 Jinghua Road, Yinzhou District, Ningbo City, Zhejiang Province, China 315048, at 10:00a.m. on June 10, 2026 (local time).

Holders of record of the Company’s ordinary shares of at the close of business on May 6, 2026, Eastern Time, or their proxy holders, are entitled to vote at the EGM or any adjournment or postponement thereof.

Copies of the notice of the Meeting and the form of proxy are available on the Company’s corporate investor relations website at https://ir.pnrenewables.com/.

About Skycorp Solar Group Limited

Skycorp Solar Group Limited is a solar photovoltaic (PV) product provider focused on manufacturing and selling solar cables and connectors. Our operations are managed through our subsidiaries, including Ningbo Skycorp Solar Co., Ltd., in China.

The Company’s mission is to become a green energy solutions provider by utilizing solar power and delivering eco-friendly solar PV products. By leveraging the Company’s expertise in solar technologies and relationships with worldwide clients, it aims to expand offerings of solar PV products and energy solutions for enterprise customers. For more information, please visit: https://ir.pnrenewables.com/.

Forward-looking Statements

This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

For more information, please contact:

Skycorp Solar Group Limited
Cathy Li
Investor Relations
Email: pr@pnrenewables.com
Tel: +86 185 0252 9641 (CN)

WFS Investor Relations Inc.
Connie Kang
Partner
Email: ckang@wealthfsllc.com
Tel: +86 138 1185 7742 (CN)

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When is Skycorp (PN) holding its Extraordinary General Meeting?

The EGM is scheduled for June 10, 2026 at 10:00 a.m. local time. According to Skycorp, the meeting will take place at the company's Ningbo executive office and will address matters set out in the meeting notice available online.

Who is eligible to vote at Skycorp (PN) EGM on June 10, 2026?

Holders of record as of May 6, 2026 (Eastern Time) are eligible to vote. According to Skycorp, registered ordinary shareholders or their proxy holders at the close of business on that record date may vote at the EGM or any adjournment.

Where can I find the Skycorp (PN) EGM notice and proxy form?

The notice and proxy form are posted on the company's investor relations website. According to Skycorp, investors can access the documents at https://ir.pnrenewables.com/ to review meeting items and submit proxy instructions.

What is the location of the Skycorp (PN) EGM meeting venue?

The EGM will be held at Room 303, Block B, No.188 Jinghua Road, Yinzhou District, Ningbo City, Zhejiang Province, China. According to Skycorp, this is the company's executive office where shareholders will convene on June 10, 2026.

Can shareholders vote by proxy at the Skycorp (PN) EGM?

Yes, shareholders may vote by proxy at the EGM or any adjournment. According to Skycorp, eligible record holders can appoint a proxy using the form available on the investor relations website before the meeting.

What time zone applies to the Skycorp (PN) EGM record date and meeting time?

The record date is specified in Eastern Time and the meeting time is local Ningbo time. According to Skycorp, the record date is May 6, 2026 (ET) and the EGM occurs June 10, 2026 at 10:00 a.m. local time.