Skyline Builders Prices $17.175M Convertible Notes and Preferred Shares
Skyline Builders Group raised $17.175 million via private placement of convertible notes and 250,000 class B preferred shares, convertible at $2.40 per share with a $1.50 anti-dilution floor. The placement is expected to close on March 24, 2026, and will trigger a registration statement within 60 business days for resale of the underlying shares.
1. Private Placement Overview
Skyline Builders Group Holding Limited has agreed to a brokered private placement generating approximately $17.175 million in gross proceeds through issuance of unsecured convertible notes and 250,000 class B preferred shares.
2. Securities and Conversion Terms
Each convertible note and preferred share carries a conversion price of $2.40 per Class A ordinary share, subject to anti-dilution adjustments and a minimum conversion price of $1.50 per share.
3. Offering Breakdown and Agents
Approximately $16.575 million of notes were sold under Regulation D to U.S. investors, while $600,000 of preferred shares were issued under Regulation S to non-U.S. investors. Dominari Securities LLC acted as placement agent and Ocean Wall Ltd. as introducer.
4. Registration Rights and Closing Timeline
The company will file a Form F-1 registration statement within 60 business days after closing, which is expected on or about March 24, 2026, to register the resale of the underlying Class A ordinary shares.