SKBL News & Events

Skyline Builders announced that it has entered into a non-binding letter of intent for the acquisition of SuperCritical Technologies, a U.S. company focused on the production of uranium and other critical metals. Paul Mann, SKBL's incoming executive chairman said "The United States is in urgent need of domestic supplies of critical materials. SuperCritical's technology will allow it to be a cost-competitive supplier of uranium and other critical metals for the United States, thereby securing a domestic supply chain, and most importantly, promising a rapid scale-up of production, which land-based uranium mines have so far failed to do."

Skyline Builders Group announced a number of strategic changes to the Company's leadership, strategy and corporate headquarters. Effective January 1, 2026, Paul Mann will become Executive Chairman of the Company. Mann has a 25-year career as an investor and entrepreneur. He is currently the Founder and Executive Chairman of ASP Isotopes (ASPI). During the last three months the Company has raised over $40 million from institutional investors including $2.5 million from Quantum Leap Energy, and $3.5 million from Mann individually. On Friday, October 31, 2025 the Company entered into a unit purchase agreement with a privately held Delaware limited liability company that has significant critical minerals assets in Asia. As a result, the Company purchased an approximate 20% interest in the LLC for $20 million. With the Company's strategic shift to becoming a supplier of strategic critical materials to the United States, the Company expects to move its headquarters from Hong Kong to Washington D.C., and to form a new wholly owned subsidiary focused on its critical minerals business.

Skyline Builders announced that it has entered into a definitive securities purchase agreement dated October 28 with certain accredited investors in a brokered private placement on a best-efforts basis for the sale and issuance of 17,370,909 Class A ordinary shares, par value $0.00001 per share, together with Class A Ordinary Share Purchase warrants to purchase up to 17,370,909 Class A ordinary shares at a purchase price for a combination of one Class A ordinary share and one ordinary warrant of $1.375 and a purchase price for a combination of one prefunded warrant and one ordinary warrant of $1.37499, for a combined aggregate gross proceeds of approximately $23,885,000, before deducting placement agent fees and other offering expenses payable by the company. Each prefunded warrant will be immediately exercisable upon issuance and will entitle the holder to acquire one Class A ordinary share at an exercise price of $0.0001 per share. Each ordinary warrant will be immediately exercisable and will entitle the holder to acquire one Class A ordinary share at an exercise price of $1.50 per share until the fifth anniversary of the date of issuance. The offering is expected to close on or about October 30, subject to the satisfaction of customary closing conditions. The company intends to use the net proceeds from the sale of the securities hereunder for general working capital and other general corporate purposes. Dominari Securities, Revere Securities and Pacific Century Securities are acting as co-placement agents for the offering.

Skyline Builders announced that on August 24, 2025, its Board of Directors approved a proposal to consolidate the Company's authorized, issued, and outstanding shares. The proposal will be presented for shareholder approval at an upcoming extraordinary general meeting. Under the proposal to be presented at the upcoming extraordinary general meeting, shareholders will be asked to approve the consolidation of the Company's authorized, issued, and outstanding shares at a ratio of ten ordinary shares into one, or at such lesser whole number as the Board may determine in its sole discretion, but not fewer than two shares into one. If approved, the Board will set the final consolidation ratio and effective date, with the Share Consolidation to be implemented within one year of shareholder approval. The consolidated shares will retain the same rights and restrictions as existing shares, other than par value.