SKK Holdings Limited Initial Public Offering Announcement

SKK Holdings Limited (Nasdaq: SKK), a civil engineering service provider specializing in subsurface utility works in Singapore, announced the pricing of its initial public offering (IPO).

Offering Details

• Shares Offered: 2,500,000 ordinary shares
• Public Offering Price: $4.00 per share
• Total Gross Proceeds: $10.0 million (before underwriting discounts and offering expenses)
• Shares Offered by Company: 1,750,000
• Shares Offered by Selling Shareholders: 750,000 (Company receives no proceeds from these)

Trading Information

• Start Date: Trading on the Nasdaq Capital Market begins on October 8, 2024.
• Ticker Symbol: SKK
• Expected Closing Date: On or about October 9, 2024 (subject to customary closing conditions).

Underwriters and Legal Counsel

• Sole Underwriter: Bancroft Capital, LLC
• Company’s U.S. Legal Counsel: Troy Gould PC
• Underwriter’s U.S. Legal Counsel: Taft Stettinius & Hollister LLP

Registration Statement Information

This offering is conducted under the Company’s registration statement on Form F-1, amended (File No. 333-276744), effective September 18, 2024. The offering of securities is made only by means of a prospectus included in the registration statement.

Additional Information

Electronic copies of the final prospectus can be obtained at the SEC’s website: SEC Website or by contacting Bancroft Capital, LLC, 501 Office Center Drive, Suite 130, Fort Washington, PA 19034.

Contact: Jason Diamond
Email: investmentbanking@bancroft4vets.com
Phone: 484-546-8000

This press release is for informational purposes only and does not constitute an offer to sell or a solicitation to buy the Company’s securities. Any offer or sale of such securities will only be made following registration or qualification under the applicable securities laws.