SKK HOLDINGS LIMITED ANNOUNCES RECEIPT OF NASDAQ EXTENSION OF COMPLIANCE PERIOD REGARDING MINIMUM PRICE DEFICIENCY
Rhea-AI Summary
SKK Holdings (Nasdaq: SKK) received a Nasdaq compliance extension after failing to meet the minimum bid price requirement.
Nasdaq notified SKK on April 14, 2025 of noncompliance under Rule 5550(a)(2). The initial 180-day cure period ended on October 13, 2025, and Nasdaq informed the company on October 14, 2025 that it is eligible for an additional 180-day extension to April 13, 2026. SKK said its shares will continue trading uninterrupted under the symbol SKK during the extension and that it is evaluating options to regain compliance, but there is no assurance it will succeed.
Positive
- Eligible for a 180-day Nasdaq extension until April 13, 2026
- Shares continue trading uninterrupted under symbol SKK
Negative
- Failed to meet Nasdaq minimum bid-price rule by October 13, 2025
- No assurance the company will regain Nasdaq compliance within extension
News Market Reaction – SKK
On the day this news was published, SKK gained 7.29%, reflecting a notable positive market reaction. Our momentum scanner triggered 3 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $374K to the company's valuation, bringing the market cap to $6M at that time.
Data tracked by StockTitan Argus on the day of publication.
SINGAPORE, Oct. 17, 2025 (GLOBE NEWSWIRE) -- SKK Holdings Limited (“SKK” or the “Company”) (Nasdaq: SKK), a civil engineering service provider that specializes in subsurface utility works in Singapore, previously announced that it received a notification letter from The Nasdaq Stock Market LLC (“Nasdaq”) on April 14, 2025, notifying the Company that based on the closing bid price of the Company for the period from February 28, 2025 to April 11, 2025, the Company did not meet the continued listing requirement of Nasdaq under Nasdaq Listing Rules 5550(a)(2), to maintain a minimum bid price of
Today the Company announced that it received a letter from Nasdaq dated October 14, 2025, notifying the Company that it is eligible for an additional 180-day extension, or until April 13, 2026, to regain compliance. The shares will continue to trade uninterrupted under the symbol “SKK” through the 180-day extension.
The Company is currently evaluating options to regain compliance and intends to timely regain compliance with Nasdaq’s continued listing requirement within the current 180-day extension period. Although the Company will use all reasonable efforts to achieve compliance with Rule 5550(a)(2), there can be no assurance that the Company will be able to regain compliance with that rule or will otherwise be in compliance with other Nasdaq continued listing requirement.
About SKK Holdings Limited
SKK Holdings Limited is a civil engineering service provider that specializes in subsurface utility works in Singapore. We seek to plan, construct and maintain various public works and infrastructure projects that serve the society and the environment. We have over 10 years of experience in providing civil engineering services to our customers in Singapore in numerous public utility projects, including but not limited to power and telecommunication cable laying works, water pipeline works and sewer rehabilitation works.
Safe Harbor Statement
This press release contains forward-looking statements that reflect our current expectations and views of future events. Known and unknown risks, uncertainties and other factors, including those listed under “Risk Factors,” may cause our actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. You can identify some of these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events that we believe may affect our financial condition, results of operations, business strategy and financial needs. These forward-looking statements involve various risks and uncertainties. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. We qualify all of our forward-looking statements by these cautionary statements.
SKK Holdings Limited Contacts:
Sunny Soon
Chief Financial Officer
Telephone +65 6334 3831
skkcfo@skkworks.com.sg
Phaik Shya Koay
Financial Controller
Telephone +65 6334 3831
kelly.koay@skkworks.com.sg
FAQ
What did SKK (Nasdaq: SKK) announce on October 17, 2025 about Nasdaq compliance?
Why did SKK receive a Nasdaq compliance notice in April 2025?
When did SKK’s initial Nasdaq cure period end and what happened next?
Will SKK shares stop trading during the Nasdaq compliance extension?
What is SKK’s plan to regain Nasdaq compliance by April 13, 2026?
