SKK Holdings (Nasdaq: SKK) regains Nasdaq minimum bid price compliance
Rhea-AI Filing Summary
SKK Holdings Limited regained compliance with Nasdaq’s minimum bid price rule, removing an immediate delisting risk. Nasdaq notified the company that its Class A ordinary shares again meet Listing Rule 5550(a)(2), which requires a minimum bid price of $1.00 per share.
The shares closed at or above $1.00 for ten consecutive business days from April 6, 2026 to April 17, 2026, restoring compliance after prior deficiency notices and a delisting determination. As a result, SKK no longer plans to appeal Nasdaq staff’s earlier decision to delist its securities.
Positive
- Nasdaq compliance restored: SKK Holdings Limited has regained compliance with Nasdaq Listing Rule 5550(a)(2) after ten consecutive business days with a closing bid price at or above $1.00 per share, removing an immediate delisting determination from the Nasdaq Capital Market.
Negative
- None.
Insights
SKK averts Nasdaq delisting by restoring its share price above the minimum bid threshold.
SKK Holdings Limited confirms its Class A ordinary shares now satisfy Nasdaq Listing Rule 5550(a)(2), which requires a minimum bid price of $1.00 per share. Nasdaq observed ten straight business days, from April 6–17, 2026, with closes at or above this level.
This follows a April 14, 2026 staff notice determining to delist the securities after SKK missed the second 180‑day cure period tied to an original April 14, 2025 deficiency. Regaining compliance means the company will not pursue a hearings panel appeal.
Maintaining the bid price at or above the threshold remains important for continued Nasdaq Capital Market listing. Future company disclosures and market trading will show whether SKK can sustain compliance with this minimum bid price standard.
Key Figures
Key Terms
Nasdaq Listing Rule 5550(a)(2) regulatory
minimum bid price financial
delist the Company’s securities regulatory
foreign private issuer regulatory
forward-looking statements regulatory
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 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of April 2026
Commission File Number 001-42307
SKK Holdings Limited |
| (Exact name of registrant as specified in its charter) |
Not Applicable
(Translation of Registrant’s Name into English)
| 27 First Lok Yang Road, Singapore | 629735 | |
| (Address of principal executive offices) | (Zip Code) |
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:
Yes ☐ No ☒
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):
SKK Holdings Limited Has Regained Compliance with Nasdaq Minimum Bid Price Requirement
On April 17, 2026, SKK Holdings Limited (the “Company”) received a formal notification from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share (the “Rule”).
As previously disclosed, the Company was notified by Nasdaq on April 14, 2025 that the Company was not in compliance with the Rule because the closing bid price of its ordinary shares (which ordinary shares have since been reclassified as Class A ordinary shares) was below $1.00 per share for 30 consecutive business days. The Company had until October 13, 2025 and subsequently was granted an additional 180-days, or until October 13, 2025, to regain compliance with the Rule.
On April 14, 2026, the Company received a written notification from the Staff of Nasdaq, indicating that the Company failed to regain compliance within the second 180-calendar-day compliance period, and as a result, the Staff determined to delist the Company’s securities from the Nasdaq Capital Market, unless the Company requests an appeal of the Staff’s determination to a hearings panel.
Subsequently, Nasdaq determined that for the last ten consecutive business days, from April 6, 2026 to April 17, 2026, the closing bid price of the Company’s Class A ordinary shares was at or above $1.00 per share, and accordingly, the Company has regained compliance with the Rule. In light of regaining compliance, the Company no longer intends to pursue the previously contemplated appeal of the Staff’s delisting determination.
Exhibit Index
| Exhibit Number |
Exhibit Title | |
| 99.1 | Press Release |
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.
| SKK Holdings Limited | ||
| Date: April 20, 2026 | By | /s/ Koon Kiat Sze |
| Koon Kiat Sze | ||
| Chief Executive Officer (Principal Executive Officer) | ||
Exhibit 99.1
SKK Holdings Limited Has Regained Compliance with Nasdaq Minimum Bid Price Requirement
SINGAPORE, April 20, 2026 (GlobeNewswire) – SKK Holdings Limited (“SKK” or the “Company”) (Nasdaq: SKK), received a formal notification from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share (the “Rule”).
As previously disclosed, the Company was notified by Nasdaq on April 14, 2025 that the Company was not in compliance with the Rule because the closing bid price of its ordinary shares (which ordinary shares have since been reclassified as Class A ordinary shares) was below $1.00 per share for 30 consecutive business days. The Company had until October 13, 2025, and subsequently was granted an additional 180-days, or until October 13, 2025, to regain compliance with the Rule.
On April 14, 2026, the Company received a written notification from the Staff of Nasdaq, indicating that the Company failed to regain compliance within the second 180-calendar-day compliance period, and as a result, the Staff determined to delist the Company’s securities from the Nasdaq Capital Market, unless the Company requests an appeal of the Staff’s determination to a hearings panel.
Subsequently, Nasdaq has now determined that for the last ten consecutive business days, from April 6, 2026 to April 17, 2026, the closing bid price of the Company’s Class A ordinary shares was at or above $1.00 per share, and accordingly, the Company has regained compliance with the Rule. In light of regaining compliance, the Company no longer intends to pursue the previously contemplated appeal of the Staff’s delisting determination.
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 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 Contact:
Phaik Shya Koay
Financial Controller
Telephone +65 6334 3831
kelly.koay@skkworks.com.sg