SKK HOLDINGS LIMITED ANNOUNCES RECEIPT OF NASDAQ NOTIFICATION LETTER REGARDING MINIMUM PRICE DEFICIENCY
SKK Holdings (Nasdaq: SKK), a Singapore-based civil engineering service provider, has received a notification from Nasdaq on April 14, 2025, regarding non-compliance with the minimum bid price requirement. The company's stock failed to maintain the required $1 per share minimum bid price between February 28 and April 11, 2025.
SKK has been granted an initial 180-day compliance period until October 13, 2025 to regain compliance. If unsuccessful, the company may be eligible for an additional 180-day period, provided it meets other Nasdaq Capital Market listing requirements and demonstrates intention to cure the deficiency, potentially through a reverse stock split.
Trading will continue uninterrupted under the symbol 'SKK' while the company evaluates options to regain compliance.
SKK Holdings (Nasdaq: SKK), un fornitore di servizi di ingegneria civile con sede a Singapore, ha ricevuto una comunicazione da Nasdaq il 14 aprile 2025 riguardante la mancata conformità al requisito del prezzo minimo di offerta. Il titolo della società non ha mantenuto il prezzo minimo richiesto di 1 dollaro per azione tra il 28 febbraio e l'11 aprile 2025.
SKK ha ottenuto un periodo iniziale di conformità di 180 giorni fino al 13 ottobre 2025 per ristabilire la conformità. In caso di insuccesso, la società potrebbe beneficiare di un ulteriore periodo di 180 giorni, a condizione che rispetti gli altri requisiti di quotazione del Nasdaq Capital Market e dimostri l'intenzione di risolvere la non conformità, eventualmente tramite un frazionamento inverso delle azioni.
Le negoziazioni continueranno senza interruzioni con il simbolo 'SKK' mentre la società valuta le opzioni per tornare in regola.
SKK Holdings (Nasdaq: SKK), un proveedor de servicios de ingeniería civil con sede en Singapur, recibió una notificación de Nasdaq el 14 de abril de 2025 sobre el incumplimiento del requisito de precio mínimo de oferta. Las acciones de la compañía no mantuvieron el precio mínimo requerido de 1 dólar por acción entre el 28 de febrero y el 11 de abril de 2025.
SKK ha recibido un periodo inicial de cumplimiento de 180 días hasta el 13 de octubre de 2025 para recuperar la conformidad. Si no tiene éxito, la empresa podría ser elegible para un período adicional de 180 días, siempre que cumpla con otros requisitos de listado del Nasdaq Capital Market y demuestre la intención de corregir la deficiencia, posiblemente mediante una división inversa de acciones.
Las operaciones continuarán sin interrupciones bajo el símbolo 'SKK' mientras la compañía evalúa opciones para recuperar la conformidad.
SKK Holdings(나스닥: SKK)는 싱가포르에 본사를 둔 토목 공학 서비스 제공업체로, 2025년 4월 14일 나스닥으로부터 최저 입찰 가격 요건 미준수에 관한 통보를 받았습니다. 회사 주식은 2025년 2월 28일부터 4월 11일까지 요구되는 주당 최소 1달러 입찰 가격을 유지하지 못했습니다.
SKK는 2025년 10월 13일까지 180일의 초기 준수 기간을 부여받아 준수를 회복해야 합니다. 실패할 경우, 나스닥 자본 시장 상장 요건을 충족하고 결함을 해결하려는 의도를 입증하면, 역분할 주식을 통해 추가 180일의 기간을 받을 수 있습니다.
회사는 준수 회복 방안을 검토하는 동안 'SKK' 심볼로 거래가 중단 없이 계속됩니다.
SKK Holdings (Nasdaq : SKK), un prestataire de services en génie civil basé à Singapour, a reçu une notification de Nasdaq le 14 avril 2025 concernant le non-respect de l'exigence de prix d'offre minimum. L'action de la société n'a pas maintenu le prix minimum requis de 1 dollar par action entre le 28 février et le 11 avril 2025.
SKK bénéficie d'une période initiale de conformité de 180 jours jusqu'au 13 octobre 2025 pour rétablir sa conformité. En cas d'échec, la société pourrait être éligible à une période supplémentaire de 180 jours, à condition de satisfaire aux autres exigences de cotation du Nasdaq Capital Market et de démontrer son intention de remédier à la défaillance, potentiellement par une division inversée des actions.
Les échanges se poursuivront sans interruption sous le symbole 'SKK' pendant que la société évalue les options pour retrouver la conformité.
SKK Holdings (Nasdaq: SKK), ein in Singapur ansässiger Anbieter von Bauingenieurdienstleistungen, hat am 14. April 2025 eine Mitteilung von der Nasdaq bezüglich der Nichteinhaltung der Mindestgebotspreis-Anforderung erhalten. Die Aktie des Unternehmens hat den erforderlichen Mindestgebotspreis von 1 US-Dollar pro Aktie zwischen dem 28. Februar und dem 11. April 2025 nicht gehalten.
SKK wurde eine anfängliche 180-tägige Nachfrist bis zum 13. Oktober 2025 gewährt, um die Einhaltung wiederherzustellen. Sollte dies nicht gelingen, könnte das Unternehmen für einen zusätzlichen Zeitraum von 180 Tagen berechtigt sein, sofern es andere Anforderungen der Nasdaq Capital Market-Notierung erfüllt und die Absicht zeigt, den Mangel zu beheben, möglicherweise durch eine Aktiensplit-Rückführung.
Der Handel wird unter dem Symbol 'SKK' ohne Unterbrechung fortgesetzt, während das Unternehmen Optionen zur Wiederherstellung der Compliance prüft.
- 180-day grace period granted to regain compliance
- Possibility of additional 180-day extension if eligible
- Trading continues uninterrupted during compliance period
- Stock price has fallen below Nasdaq's minimum requirement of $1 per share
- Risk of potential delisting from Nasdaq if compliance is not achieved
- Possible need for reverse stock split which could impact share structure
Insights
SKK faces NASDAQ delisting risk after share price fell below $1; has 180 days to regain compliance with possible 180-day extension.
SKK Holdings has received a NASDAQ notification letter regarding non-compliance with the exchange's minimum bid price requirement of $1 per share. With the current share price at
The company has been granted a standard 180-day compliance period ending October 13, 2025, to rectify the situation. If unsuccessful, SKK may qualify for an additional 180-day extension if it meets all other NASDAQ Capital Market listing standards except the bid price requirement.
While immediate delisting isn't occurring and shares continue trading under the SKK symbol, this notification typically triggers strategic decisions. Companies in this position generally pursue one of three paths:
- Implementing a reverse stock split to artificially raise the share price (explicitly mentioned as an option in the announcement)
- Executing business initiatives that might organically increase investor interest and share value
- Preparing for eventual delisting and migration to OTC markets
The relatively small market capitalization limits SKK's strategic flexibility. Investors should note that while reverse splits mechanically solve the price requirement, they don't address fundamental business concerns that led to the price decline. The compliance period provides breathing room, but the company must demonstrate a credible path to sustainable compliance to avoid further market pressure.
SINGAPORE, April 16, 2025 (GLOBE NEWSWIRE) -- SKK Holdings Limited (“SKK” or the “Company”) (Nasdaq: SKK), a civil engineering service provider that specializes in subsurface utility works in Singapore, today announced that it received a notification letter from The Nasdaq Stock Market LLC ("Nasdaq") dated April 14, 2025, notifying the Company that based on the closing bid price of the Company for the period from February 28, 2025 to April 11, 2025, the Company no longer meets the continued listing requirement of Nasdaq under Nasdaq Listing Rules 5550(a)(2), to maintain a minimum bid price of
Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of one hundred eighty (180) calendar days, or until October 13, 2025, to regain compliance with Nasdaq continued listing requirement. In the event that the Company does not regain compliance in the compliance period, the Company may be eligible for an additional 180 calendar days, should the Company meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and is able to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. However, if it appears that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible, Nasdaq will provide notice that the Company’s securities will be subject to delisting.
The Nasdaq notification letter does not result in the immediate delisting of the Company's ordinary shares, and the shares will continue to trade uninterrupted under the symbol “SKK.”
The Company is currently evaluating options to regain compliance and intends to timely regain compliance with Nasdaq’s continued listing requirement. Although the Company will use all reasonable efforts to achieve compliance with Rule 5550(a)(2), there can be no assurance that the Company will be able to regain compliance with that rule or will otherwise be in compliance with other Nasdaq continued listing requirement.
About SKK Holdings Limited
SKK Holdings Limited is a civil engineering service provider that specializes in subsurface utility works in Singapore. We seek to plan, construct and maintain various public works and infrastructure projects that serve the society and the environment. We have over 10 years of experience in providing civil engineering services to our customers in Singapore in numerous public utility projects, including but not limited to power and telecommunication cable laying works, water pipeline works and sewer rehabilitation works.
Safe Harbor Statement
This press release contains forward-looking statements that reflect our current expectations and views of future events. Known and unknown risks, uncertainties and other factors, including those listed under “Risk Factors,” may cause our actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. You can identify some of these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events that we believe may affect our financial condition, results of operations, business strategy and financial needs. These forward-looking statements involve various risks and uncertainties. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. We qualify all of our forward-looking statements by these cautionary statements.
Contact:
SKK Holdings Limited Contact:
Yee Yen Han
Chief Financial Officer
Telephone +65 6334 3831
skkcfo@skkworks.com.sg
Phaik Shya Koay
Financial Controller
Telephone +65 6334 3831
kelly.koay@skkworks.com.sg
FAQ
What is the deadline for SKK Holdings to meet Nasdaq's minimum bid price requirement?
Will SKK stock continue trading on Nasdaq during the compliance period?
What options does SKK have to regain Nasdaq compliance?
What happens if SKK fails to meet Nasdaq's minimum price requirement by the deadline?
