SKK Holdings Limited Announces Share Pricing for IPO
SKK Holdings Limited (“SKK” or the “Company”) (Nasdaq: SKK), a specialized civil engineering service provider in subsurface utility works, has proudly announced the pricing of its initial public offering. The Company will offer 2,500,000 ordinary shares at a public offering price of $4.00 per share, yielding total gross proceeds of $10.0 million, prior to any underwriting discounts and associated offering expenses. The allocation consists of 1,750,000 ordinary shares directly from the Company, while selling shareholders are set to offer 750,000 ordinary shares, with the Company not receiving proceeds from the shares sold by these shareholders.
Trading Milestone on Nasdaq
With great anticipation, the ordinary shares of SKK Holdings are set to begin trading on the Nasdaq Capital Market. The debut is slated for October 8, 2024, and the shares will be traded under the ticker symbol “SKK.” The closing of the Offering is expected to occur around October 9, 2024, assuming that customary closing conditions are met.
Key Stakeholders in the Offering
Bancroft Capital, LLC is positioned as the sole underwriter for this significant Offering. Furthermore, legal expertise is being provided by Troy Gould PC, which is serving as U.S. legal counsel to the Company, while Taft Stettinius & Hollister LLP is acting as U.S. legal counsel to Bancroft Capital, LLC.
Registration and Prospectus Details
This initial offering is being conducted in accordance with the Company’s registration statement on Form F-1, which has been adjusted as necessary (File No. 333-276744), and was duly filed with the United States Securities and Exchange Commission (SEC). This registration was declared effective on September 18, 2024. Please note that the offering of the securities can only be made via a prospectus that forms part of the registration statement.
Accessing the Final Prospectus
For those interested in learning more about the Offering, electronic copies of the final prospectus can be acquired by visiting the SEC’s website. Alternatively, individuals can reach out to Bancroft Capital, LLC directly for additional information. Their office is located at 501 Office Center Drive, Suite 130, Fort Washington, PA 19034, with Jason Diamond serving as the contact point. He can be reached by phone at 484-546-8000.
Communication with Bancroft Capital
For inquiries or further details regarding the IPO, interested parties can also send an email to the investment banking team at Bancroft Capital. This serves as a direct line for related questions and concerns, helping potential investors obtain the information they need to make informed decisions.
Frequently Asked Questions
What is the IPO price for SKK Holdings Limited?
The offering price for the initial public offering is set at $4.00 per share.
When will SKK's shares begin trading?
The shares are scheduled to start trading on October 8, 2024, on the Nasdaq Capital Market.
Who is underwriting the IPO?
Bancroft Capital, LLC is the sole underwriter for this offering.
Will the Company receive proceeds from shares sold by shareholders?
No, the Company will not receive any proceeds from the sale of ordinary shares by selling shareholders.
Where can I find more information about the IPO?
More details can be accessed through the SEC's website or by contacting Bancroft Capital directly.
