SKK Holdings to effect 10-for-1 share consolidation on April 6

SKK Holdings (SKK) announced that the Company’s board of directors approved on March 25 that the authorized, issued, and outstanding shares of the Company be consolidated on a 10 for 1 ratio with the marketplace effective date of April 6. The objective of the share consolidation is to enable the Company to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) and maintain its listing on Nasdaq. Beginning with the opening of trading on April 6, the Company’s Class A ordinary shares will trade on the Nasdaq Capital Market on a split-adjusted basis, under the same symbol “SKK” but under a new CUSIP number G8292E110.