Skyline Builders Group Holding Ltd. has announced the pricing of a brokered private placement of 6,318 preferred shares, raising approximately $31.59 million in gross proceeds. The preferred shares, each with a par value of $0.00001, are convertible into Class A ordinary shares at a conversion price of $2.40 per share, subject to certain anti-dilution and customary adjustments, but no lower than $1.50 per share. About $26.59 million of the shares were sold to US-based investors under a Regulation D offering, while $5 million were sold to non-US investors under Regulation S. The offering is expected to close around February 13, 2026, pending customary closing conditions. The shares and underlying ordinary shares have not been registered under the Securities Act and are subject to restrictions on offers and sales in the United States.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Skyline Builders Group Holding Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9653215-en) on February 11, 2026, and is solely responsible for the information contained therein.