SINGAPORE, Oct. 17, 2025 — SKK Holdings Limited (“SKK” or the “Company”) (Nasdaq: SKK), a civil engineering service provider specializing in subsurface utility works in Singapore, previously announced that it received a notification from The Nasdaq Stock Market LLC (“Nasdaq”) on April 14, 2025. This letter informed the Company that, based on its closing bid price from February 28, 2025, to April 11, 2025, it did not satisfy Nasdaq Listing Rule 5550(a)(2), which mandates a minimum bid price of $1 per share for continued listing. The notification initially granted the Company 180 days to regain compliance and mentioned eligibility for a potential additional 180-day extension. However, by October 13, 2025, which marked the end of the initial 180-day compliance period, the Company had not yet met Nasdaq’s minimum $1 per share bid price requirement.
Today, the Company disclosed that it received a letter from Nasdaq, dated October 14, 2025, confirming its eligibility for an additional 180-day extension, now extending the compliance deadline to April 13, 2026. During this 180-day extension period, the Company’s shares will continue to trade without interruption under the symbol “SKK.”
SKK is actively evaluating various strategies to regain compliance and intends to meet Nasdaq’s continued listing requirement within this new 180-day extension period. While the Company is committed to employing all reasonable efforts to comply with Rule 5550(a)(2), there is no assurance that it will successfully regain compliance with this rule or fulfill other Nasdaq continued listing requirements.
About SKK Holdings Limited
SKK Holdings Limited operates as a civil engineering service provider specializing in subsurface utility works across Singapore. The Company’s efforts are dedicated to planning, constructing, and maintaining diverse public works and infrastructure projects that benefit both society and the environment. With over 10 years of experience, SKK has delivered civil engineering services to clients in Singapore through numerous public utility projects, including, but not limited to, power and telecommunication cable laying, water pipeline construction, and sewer rehabilitation works.
Safe Harbor Statement
This press release contains forward-looking statements reflecting our current expectations and outlook regarding future events. Known and unknown risks, uncertainties, and other factors, including those detailed under “Risk Factors,” could cause our actual results, performance, or achievements to differ materially from those expressed or implied by these forward-looking statements. You may identify certain forward-looking statements by terms or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue,” or similar expressions. We have largely based these forward-looking statements on our present expectations and projections concerning future events that we believe may impact our financial condition, operational results, business strategy, and financial needs. These forward-looking statements involve inherent risks and uncertainties. Except where mandated by law, we disclaim any obligation to publicly update or revise any forward-looking statements, whether due to new information, future events, or otherwise, subsequent to the date on which the statements are made, or to account for unforeseen events. All of our forward-looking statements are qualified by these cautionary disclosures.
SKK Holdings Limited Contacts:
Sunny Soon
Chief Financial Officer
Telephone +65 6334 3831
Phaik Shya Koay
Financial Controller
Telephone +65 6334 3831
