SKK Holdings Limited to Effect a Share Consolidation

SKK Holdings Limited announced that its board of directors approved a 10-for-1 share consolidation, effective April 6, 2026. This move is intended to help the company regain compliance with Nasdaq Marketplace Rule 5550(a)(2) and maintain its listing on the Nasdaq Capital Market. Beginning April 6, 2026, the company's Class A ordinary shares will trade on a split-adjusted basis under the same symbol "SKK" but with a new CUSIP number. The consolidation will reduce the number of issued and outstanding ordinary shares from 24,375,000 to approximately 2,437,500, subject to rounding adjustments. Shareholders will not receive fractional shares; instead, they will receive one share of the company in lieu of any fractional share entitlement. SKK Holdings Limited is a Singapore-based civil engineering service provider specializing in subsurface utility works.