SKK Holdings Limited Sets IPO Price for 2.5 Million Shares at $4 Each

SKK Holdings Limited Announces Initial Public Offering Pricing

SKK Holdings Limited (“SKK” or the “Company”), a civil engineering service provider specializing in subsurface utility works in Singapore, has announced the pricing of its initial public offering (the “Offering”) of 2,500,000 ordinary shares at a public offering price of $4.00 per share, which will generate total gross proceeds of $10.0 million before deducting underwriting discounts and offering expenses. The Company will be offering 1,750,000 ordinary shares, while selling shareholders will offer a total of 750,000 shares. Notably, the Company will not receive any proceeds from the shares sold by the selling shareholders.

The ordinary shares are scheduled to begin trading on the Nasdaq Capital Market on October 8, 2024, under the ticker symbol “SKK.” The Offering is anticipated to close on or around October 9, 2024, pending customary closing conditions.

Bancroft Capital, LLC is serving as the sole underwriter for the Offering. Troy Gould PC is acting as U.S. legal counsel for the Company, while Taft Stettinius & Hollister LLP is providing U.S. legal counsel to Bancroft Capital, LLC.

This offering is being conducted under the Company’s registration statement on Form F-1 related to the Offering, as amended. The registration statement was filed with the United States Securities and Exchange Commission and was declared effective on September 18, 2024. The securities are being offered solely through a prospectus that forms part of the registration statement.

This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy the Company’s securities. There will be no offer, solicitation, or sale of such securities in any state or jurisdiction where such actions would be deemed unlawful prior to registration or qualification under the applicable securities laws.