SKK News & Events

SKK Holdings 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.

Chaince Securities (MFH) has been engaged as a strategic advisor by SKK Holdings (SKK). Under this engagement, Chaince will advise SKK Holdings on digital asset treasury structuring, capital markets strategy, staking and validator node opportunities, and strategic partnership development across the blockchain and Web3 ecosystem. The collaboration reflects SKK's forward-looking vision to integrate digital asset capabilities into its corporate strategy, enhancing capital efficiency and investor engagement.

SKK Holdings Limited announced that it received a notification letter from The Nasdaq Stock Market LLC on April 14, 2025, notifying the company that based on the closing bid price of the company for the period from February 28, 2025 to April 11, 2025, the company did not meet the continued listing requirement of Nasdaq under Nasdaq Listing Rules 5550(a)(2), to maintain a minimum bid price of $1 per share. The letter provided that the company had 180 days to comply with this requirement and may be eligible for another 180 day extension. The company was not able to meet the continued listing requirement of Nasdaq under Nasdaq Listing Rules 5550(a)(2) to maintain a minimum bid price of $1 per share by October 13, 2025, which was the end of the 180-day compliance period. Today the company announced that it received a letter from Nasdaq dated October 14, 2025, notifying the company that it is eligible for an additional 180-day extension, or until April 13, 2026, to regain compliance. The shares will continue to trade uninterrupted under the symbol "SKK" through the 180-day extension.

SKK Holdings received a notification letter from Nasdaq dated April 14 notifying the company that based on the closing bid price of the company for the period from February 28 to April 11, 2025, the company no longer meets the continued listing requirement of Nasdaq to maintain a minimum bid price of $1 per share. The company has a compliance period of 180 calendar days, or until October 13, to regain compliance with Nasdaq continued listing requirement. In the event that the company does not regain compliance in the compliance period, the company may be eligible for an additional 180 calendar days. However, if it appears that the company will not be able to cure the deficiency, or if the company is otherwise not eligible, Nasdaq will provide notice that the company's securities will be subject to delisting. The Nasdaq notification letter does not result in the immediate delisting of the company's ordinary shares, and the shares will continue to trade uninterrupted under the symbol "SKK."