SKK Holdings Limited Resumes Compliance with Nasdaq Bid Price Requirement

(SeaPRwire) –   SINGAPORE, April 20, 2026 — SKK Holdings Limited (the “Company”) has received formal notification from The Nasdaq Stock Market LLC’s (“Nasdaq”) Listing Qualifications Staff, confirming that the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2). This rule mandates that listed securities maintain a minimum bid price of $1.00 per share (referred to as the “Rule”).

As previously announced, on April 14, 2025, Nasdaq informed the Company of its non-compliance with the Rule because the closing bid price of its ordinary shares (which have since been reclassified as Class A ordinary shares) had fallen below $1.00 per share for 30 consecutive business days. The Company was initially given until October 13, 2025, and subsequently granted an additional 180 days, also stated as until October 13, 2025, to achieve compliance with the Rule.

On April 14, 2026, the Company received a written communication from Nasdaq Staff, indicating that it had failed to regain compliance within the second 180-calendar-day compliance period. Consequently, the Staff determined to delist the Company’s securities from the Nasdaq Capital Market, unless the Company chose to appeal this determination to a hearings panel.

Subsequently, Nasdaq has now confirmed that for the ten consecutive business days spanning from April 6, 2026, to April 17, 2026, the closing bid price of the Company’s Class A ordinary shares was at or above $1.00 per share. Accordingly, the Company has regained compliance with the Rule. In light of this regained compliance, the Company no longer intends to pursue the appeal of the Staff’s delisting determination that it had previously considered.

About SKK Holdings Limited

SKK Holdings Limited is a civil engineering service provider specializing in subsurface utility works within Singapore. The company focuses on planning, constructing, and maintaining various public works and infrastructure projects that benefit society and the environment. With over 10 years of experience, SKK Holdings Limited has delivered civil engineering services to clients in Singapore across numerous public utility projects, including but not limited to power and telecommunication cable laying, water pipeline installation, and sewer rehabilitation.

 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 differ materially 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.

SKK Holdings Limited Contact:

Phaik Shya Koay
Financial Controller
Telephone +65 6334 3831
kelly.koay@skkworks.com.sg