SKK Holdings Ltd. Announces IPO Underwriting Agreement
Ticker: SKK · Form: 6-K · Filed: Oct 9, 2024 · CIK: 1991261
| Field | Detail |
|---|---|
| Company | Skk Holdings Ltd (SKK) |
| Form Type | 6-K |
| Filed Date | Oct 9, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.00025, $4.00, $10.0 m, $5.26 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: ipo, underwriting-agreement, public-offering
TL;DR
SKK Holdings Ltd. inked an IPO underwriting deal with Bancroft Capital for 2.5M shares.
AI Summary
On October 7, 2024, SKK Holdings Limited entered into an Underwriting Agreement with Bancroft Capital, LLC for its initial public offering (IPO). The IPO involves the sale of 2,500,000 ordinary shares with a par value of US$0.00025 per share.
Why It Matters
This filing signals SKK Holdings Limited's progression towards becoming a publicly traded company, which could impact its access to capital and future growth strategies.
Risk Assessment
Risk Level: medium — The company is entering its IPO phase, which inherently carries market and execution risks.
Key Numbers
- 2,500,000 — Ordinary Shares (Total shares to be offered in the IPO.)
- US$0.00025 — Par Value (Nominal value of each ordinary share.)
Key Players & Entities
- SKK Holdings Limited (company) — Registrant
- Bancroft Capital, LLC (company) — Sole Underwriter
- October 7, 2024 (date) — Date of Underwriting Agreement
- 2,500,000 (dollar_amount) — Number of ordinary shares in IPO
- US$0.00025 (dollar_amount) — Par value per ordinary share
FAQ
What is the total number of ordinary shares SKK Holdings Limited plans to offer in its IPO?
SKK Holdings Limited plans to offer an aggregate of 2,500,000 ordinary shares.
Who is acting as the sole underwriter for SKK Holdings Limited's IPO?
Bancroft Capital, LLC is acting as the sole underwriter for the IPO.
On what date did SKK Holdings Limited enter into the Underwriting Agreement?
The Underwriting Agreement was entered into on October 7, 2024.
What is the par value of each ordinary share being offered?
The par value of each ordinary share is US$0.00025.
Is SKK Holdings Limited filing an annual report under Form 20-F or 40-F?
SKK Holdings Limited indicated it files annual reports under cover of Form 20-F.
Filing Stats: 986 words · 4 min read · ~3 pages · Grade level 15 · Accepted 2024-10-09 14:02:35
Key Financial Figures
- $0.00025 — 2,500,000 ordinary shares, par value US$0.00025 per share (the “ Ordinary Shares
- $4.00 — rdinary Shares ”) at a price of US$4.00 per Share for total gross proceeds of $
- $10.0 m — 0 per Share for total gross proceeds of $10.0 million, before deducting underwriting di
- $5.26 million — expense allowances, were approximately $5.26 million. The Company did not receive any procee
Filing Documents
- form6-k.htm (6-K) — 31KB
- ex1-1.htm (EX-1.1) — 368KB
- ex99-1.htm (EX-99.1) — 16KB
- ex99-2.htm (EX-99.2) — 16KB
- ex99-1_001.jpg (GRAPHIC) — 5KB
- ex99-2_001.jpg (GRAPHIC) — 5KB
- 0001493152-24-040558.txt ( ) — 446KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. SKK Holdings Limited Date: October 9, 2024 By /s/ Koon Kiat Sze Koon Kiat Sze Chief Executive Officer 4