Skyline Builders Group Raises $31.59 Million in Convertible Preferred Share Private Placements

Skyline Builders Group Holding Ltd. Class A ( (SKBL) ) has issued an update.

On February 13, 2026, Skyline Builders Group Holding Limited closed concurrent private placements of its Series B convertible preferred shares, raising approximately $31.59 million in gross proceeds from Regulation D and Regulation S offerings. The preferred shares, priced at $5,000 each and convertible into Class A ordinary shares at $2.40 per share subject to a $1.50 floor, provide the company with fresh capital earmarked for general working capital and corporate purposes.

As part of the transaction, Skyline issued placement agent warrants to Dominari Securities LLC and Ocean Wall Ltd. equal to 6% of the Class A shares underlying the preferred stock, and entered registration rights agreements committing to register the resale of conversion shares and warrant shares. Company officers and directors also signed 180-day lock-up agreements, a move that helps support share price stability and signals alignment with investors as Skyline strengthens its balance sheet to support its civil engineering operations in Hong Kong.

More about Skyline Builders Group Holding Ltd. Class A

Skyline Builders Group Holding Limited (NASDAQ: SKBL) is a Hong Kong-based civil engineering services provider and Approved Public Works Contractor. The company focuses on roads and drainage projects, primarily executing public civil engineering works as a subcontractor, while also being qualified to serve as a main contractor on both public infrastructure and private residential and commercial developments in Hong Kong.

Average Trading Volume: 195,413

Technical Sentiment Signal: Strong Sell

Current Market Cap: $89.16M

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