STOCK TITAN

Skyline Builders (NASDAQ: SKBL) prices $31.59M convertible preferred private placement

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Skyline Builders Group Holding Limited is raising approximately $31.59 million through a brokered private placement of 6,318 preferred shares. Each preferred share converts into Class A ordinary shares at $2.40 per share, with anti-dilution protection but not below $1.50 per share.

About $26.59 million of the preferred shares are being sold to U.S. investors under Regulation D and about $5 million to non-U.S. investors under Regulation S. Placement agents Dominari Securities and Ocean Wall will receive an 8% cash fee and warrants equal to 6% of the Class A ordinary shares underlying the preferred shares, exercisable at $2.40 per share.

The company will grant registration rights, agreeing to file a resale registration statement for the Class A ordinary shares underlying the preferred shares and placement agent warrants within 60 business days after closing. The offering is expected to close on or about February 13, 2026, subject to customary conditions.

Positive

  • None.

Negative

  • None.

Insights

Skyline Builders secures $31.59M via convertible preferred private placement with embedded dilution controls.

Skyline Builders Group Holding Limited has priced a private placement of 6,318 preferred shares for gross proceeds of about $31,590,000. The securities are convertible into Class A ordinary shares at $2.40 per share, with anti-dilution adjustments but a floor of $1.50 per share, which caps how low the effective conversion price can move.

Roughly $26.59 million is placed with U.S. investors under Regulation D and about $5 million with non-U.S. investors under Regulation S. Placement agents will receive an 8% cash fee on aggregate gross proceeds and warrants covering 6% of the Class A ordinary shares issuable from the preferred shares, exercisable at $2.40 per share.

The company will enter a registration rights agreement committing to file a resale registration statement on Form F-1 (or similar) within 60 business days after closing for the Class A ordinary shares underlying both the preferred shares and placement agent warrants. The transaction is expected to close on or about February 13, 2026, subject to customary conditions, and actual impact will depend on future conversion and exercise activity.

 

 

 UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of February 2026

 

Commission File Number: 001-42461

 

SKYLINE BUILDERS GROUP HOLDING LIMITED

(Registrant’s Name)

 

Office A, 15/F, Tower A, Capital Tower,

No. 38 Wai Yip Street, Kowloon Bay, Hong Kong

(Address of Principal Executive Offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F ☒      Form 40-F ☐

  

 

 

 

 

  

Press Release

 

On February 11, 2026, Skyline Builders Group Holding Limited (the “Company”) issued a press release announcing the pricing of a private placement. Copy of the press release is being filed as Exhibit 99.1 to this Form 6-K.

  

Exhibits.

 

The following exhibit is being filed herewith:

 

 1

 

 

EXHIBIT INDEX

 

Exhibit No.   Description
99.1   Press Release dated February 11, 2026

  

 2

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Skyline Builders Group Holding Limited
     
Date: February 11, 2026 By: /s/ Ngo Chiu Lam
  Name: Ngo Chiu, LAM
  Title: Chairman of the Board, Chief Executive Officer and Director

 

 3

Exhibit 99.1 

 

Skyline Builders Group Holding Limited Announces Pricing of a Private Placement of Preferred Shares

 

HONG KONG, Feb. 11, 2026 (GLOBE NEWSWIRE) -- Skyline Builders Group Holding Limited (NASDAQ: SKBL), a Cayman Islands exempted company with limited liability (the “Company”), today announced the pricing of a brokered private placement of 6,318 shares of preferred shares, par value $0.00001 per share, (the “Preferred Shares”) for a total gross proceeds of approximately $31,590,000, before deducting placement agent fees and other offering expenses payable by the Company. Each preferred share is convertible into Class A ordinary shares with a conversion price of $2.40 per share, subject to certain anti-dilution adjustments, but in no event less than $1.50 per share and other customary adjustments for share splits, recapitalizations, reorganizations and similar transactions. Approximately $26.59 million of Preferred Shares were issued under a Regulation D offering to US based investors and approximately $5 million of Preferred Shares were issued under a Regulation S offering to non-US investors.

 

In connection with the Private Placement, the Company also entered into a Placement Agency Agreement, dated February 10, 2026 (the “Placement Agency Agreement”), with Dominari Securities LLC (“Dominari”) and an Introducer Agreement, dated February 10,2026 (the “Introducer Agreement”) Ocean Wall Ltd. (“Ocean Wall”, and collectively with Dominari, the “Placement Agents” and each a “Placement Agent”)

 

As compensation for their services, the Company will pay the Placement Agents a aggregate cash fee equal to eight percent (8.0%) of the aggregate gross proceeds of the Private Placement and non-callable warrants (the “Placement Agent Warrants”) exercisable for a number of the Company’s Class A Ordinary Shares equal to six percent (6%) of the Class A Ordinary Shares underlying the Preferred Shares on the closing date The Placement Agent Warrants will have an exercise price of $2.40 per share, subject to customary adjustments for stock splits, recapitalizations, reorganizations and similar transactions.

 

The Company will also enter into a Registration Rights Agreement with the Purchasers and the Placement Agents, pursuant to which the Company will agree to file a registration statement on Form F-1 (or other suitable form) with the U.S. Securities and Exchange Commission (the “SEC”) within sixty (60) business days following the closing for the resale of the Class A Ordinary Shares underlying the Preferred Shares and the Placement Agent Warrants.

 

 

 

 

The Offering is expected to close on or about February 13, 2026, subject to the satisfaction of customary closing conditions.

 

The securities to be issued and sold by the Company in the Private Placement, including the underlying Class A Ordinary Shares, have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws, and may not be offered or sold in the United States absent registration with the SEC or an applicable exemption from the registration requirements of the Securities Act and such state securities laws.

 

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The securities will not be registered under the Securities Act or any state securities laws when issued at the closing of the private placement, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state laws.

 

About Skyline Builders Group Holding Limited

 

Skyline Builders Group Holding Limited (NASDAQ: SKBL) operates as an Approved Public Works Contractor undertaking roads and drainage to its customers in Hong Kong. Its construction activities mainly include public civil engineering works, such as road and drainage works, in Hong Kong. It mostly undertakes civil engineering works in the role of subcontractor, while it is also fully qualified to undertake such works in the capacity of main contractor. The Company’s public sector projects mainly involve infrastructure developments while private sector projects mainly involve residential and commercial developments.

 

Forward-Looking Statements

 

This press release contains forward-looking statements that are subject to various risks and uncertainties. These forward-looking statements include statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential,” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and in its other filings with the SEC.

 

For more information, please contact:

 

Skyline Builders Group Holding Limited

 

Investor Relations Department

 

Email: ir@skylinebuilders.cc

 

 

 

  

FAQ

What did Skyline Builders Group Holding Limited (SKBL) announce in this 6-K?

Skyline Builders announced the pricing of a brokered private placement of preferred shares, raising approximately $31.59 million in gross proceeds. The transaction involves convertible preferred shares, placement agent compensation, and related registration rights for underlying Class A ordinary shares.

How much capital is Skyline Builders (SKBL) raising in the private placement?

The company is raising total gross proceeds of approximately $31,590,000 by issuing 6,318 preferred shares. This amount is before deducting placement agent fees and other offering expenses that will be paid by Skyline Builders as part of the transaction.

What are the key conversion terms of Skyline Builders’ (SKBL) preferred shares?

Each preferred share is convertible into Class A ordinary shares at a conversion price of $2.40 per share. That price is subject to certain anti-dilution adjustments, but it cannot be reduced below $1.50 per share under the disclosed terms.

How is Skyline Builders’ (SKBL) private placement split between U.S. and non-U.S. investors?

Approximately $26.59 million of the preferred shares are being issued to U.S. investors under Regulation D, while about $5 million are being issued to non-U.S. investors under Regulation S, reflecting two distinct offering tranches.

What compensation do the placement agents receive in the Skyline Builders (SKBL) deal?

Dominari Securities and Ocean Wall will receive an aggregate cash fee equal to 8% of gross proceeds, plus warrants exercisable for Class A ordinary shares equal to 6% of the shares underlying the preferred. These warrants carry an exercise price of $2.40 per share.

What registration rights are associated with Skyline Builders’ (SKBL) private placement?

Skyline Builders will enter a registration rights agreement to file a registration statement on Form F-1 (or similar) within 60 business days after closing. This registration will cover resale of Class A ordinary shares underlying the preferred shares and placement agent warrants.

When is Skyline Builders’ (SKBL) private placement expected to close?

The offering is expected to close on or about February 13, 2026, subject to customary closing conditions. Final completion will depend on those conditions being satisfied, as is typical for brokered private placement transactions of this type.

Filing Exhibits & Attachments

1 document
Skyline Builders Group Holding

NASDAQ:SKBL

SKBL Rankings

SKBL Latest News

SKBL Latest SEC Filings

SKBL Stock Data

42.08M
13.08M
63.6%
1.25%
4.83%
Engineering & Construction
Industrials
Link
Hong Kong
Kowloon Bay