IPO - SKK Holdings Ltd

Form Type: 20-F

Filing Date: 2025-05-15

Corporate Action: Ipo

Type: New

Accession Number: 000164117225011043

Filing Summary: On October 7, 2024, SKK Holdings Limited completed its initial public offering (IPO) of 1,750,000 Ordinary Shares at a public offering price of $4.00 per share, generating total net proceeds of approximately $5.3 million for the company. The shares commenced trading on the Nasdaq Capital Market on October 8, 2024, under the ticker symbol 'SKK'. The report includes comprehensive details about the company’s structure, financial condition, and significant risks impacting operations. It identifies the significant dependency on key customers for revenue and discusses various regulatory compliance challenges. The company is required to comply with Nasdaq listing standards and received a non-compliance notification on April 14, 2025, due to failure to meet the minimum bid price requirement, with a compliance period lasting until October 13, 2025.