Skyline Builders Signs Letter of Intent to Purchase SuperCritical Tech
Acquisition Announcement: Skyline Builders has entered a non-binding letter of intent to acquire SuperCritical Technologies, a U.S. company specializing in uranium and critical metals production.
Domestic Supply Needs: Paul Mann, the incoming executive chairman of SKBL, emphasized the urgent need for domestic supplies of critical materials in the U.S.
Cost-Competitive Technology: SuperCritical's technology is expected to provide a cost-competitive supply of uranium and other critical metals, enhancing the domestic supply chain.
Production Scale-Up: The acquisition promises a rapid scale-up of production, addressing the shortcomings of land-based uranium mines in meeting demand.
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Skyline Builders Group Holding Ltd. Reveals Pricing for $23.9 Million Private Placement
Securities Offering Announcement: Skyline Builders Group Holding Limited has entered into a securities purchase agreement for a private placement, offering 17,370,909 Class A ordinary shares and warrants, aiming to raise approximately $23.9 million.
Warrant Details: The offering includes prefunded warrants and ordinary warrants, with specific exercise prices and terms, and is expected to close around October 30, 2025, pending customary conditions.
Use of Proceeds: The company plans to utilize the net proceeds from the offering for general working capital and corporate purposes.
Regulatory Compliance: The securities will not be registered under the Securities Act and cannot be sold in the U.S. unless registered or exempt, with a commitment to file a registration statement for resale of the shares.
Skyline Builders Group Holding Ltd. Completes $17.775 Million Private Placement Deal
Private Placement Announcement: Skyline Builders Group Holding Limited closed a private placement on August 29, 2025, raising approximately $17.8 million through the sale of Class A ordinary shares and various warrants, with proceeds primarily used to retire shares owned by the CEO and for general working capital.
Company Overview: Skyline Builders operates as a civil engineering contractor in Hong Kong, focusing on public infrastructure projects such as roads and drainage, and is qualified to work as both a subcontractor and main contractor.