Skyline Builders Closes $31.59 Million Private Placement
Hong Kong, February 13, 2026 — Leads & Copy — Skyline Builders Group Holding Limited (NASDAQ: SKBL) has closed its concurrent private placements of Series B Preferred Shares, raising approximately $31.59 million before fees and expenses.
The civil engineering services provider in Hong Kong issued 6,322 Preferred Shares on February 13, 2026 (the “Closing Date”).
Approximately $26.59 million of Preferred Shares were issued under a Regulation D offering to “accredited” investors, with an additional $5 million issued under a Regulation S offering outside of the United States to non-US investors.
Dominari Securities LLC and Ocean Wall Limited (the “Placement Agents”) received Class A ordinary share purchase warrants to purchase 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”).
Each Preferred Share can be converted into Class A ordinary shares (the “Conversion Shares”) at a conversion price of $2.40 per share, potentially adjusting for anti-dilution, but never below $1.50 per share, and with customary adjustments for share splits, recapitalizations, reorganizations, and similar transactions. Each Placement Agent Warrant can be exercised immediately to acquire one Class A ordinary share at $2.40 per share.
The company intends to use the net proceeds for general working capital and other general corporate purposes.
The securities were not registered under the Securities Act of 1933, and can’t be offered or sold in the United States without registration or an applicable exemption. Skyline Builders Group Holding Limited has agreed to file a registration statement with the Securities and Exchange Commission covering the resale of the Conversion Shares and the Class A ordinary shares underlying the Placement Agent Warrants.
Skyline Builders Group Holding Limited operates as an Approved Public Works Contractor, focusing on roads and drainage projects in Hong Kong. It undertakes public civil engineering works, primarily as a subcontractor but also as a main contractor. The company’s projects span both infrastructure developments in the public sector and residential and commercial developments in the private sector.
Skyline Builders cautions investors that actual results may differ materially from 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.
Source: Skyline Builders Group Holding Limited
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