Skyline Builders Group Closes $31.59 Million Private Placement, Raises Funds for General Working Capital

Skyline Builders Group Holding Ltd. has closed a $31.59 million private placement of Series B Preferred Shares, with approximately $26.59 million issued to accredited investors and $5 million to non-US investors. The company issued Class A ordinary share purchase warrants to the placement agents. The net proceeds will be used for general working capital and other corporate purposes. The securities have not been registered under the Securities Act of 1933 and may not be offered or sold in the US absent registration or an applicable exemption.