SKK Holdings Limited’s (NASDAQ:SKK) Lock-Up Period To Expire Tomorrow

SKK’s (NASDAQ:SKK) lock-up period will end on Monday, April 7th. SKK had issued 2,500,000 shares in its initial public offering on October 8th. The total size of the offering was $10,000,000 based on an initial share price of $4.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

SKK Stock Down 8.5 %

Shares of NASDAQ SKK opened at $0.71 on Friday. The company’s 50 day moving average is $0.85. SKK has a 52 week low of $0.61 and a 52 week high of $11.45.

About SKK

SKK Holdings Limited, through its subsidiaries, provides civil engineering services in Singapore. It undertakes subsurface utility works, such as power and telecommunication cable laying works, water pipeline works, and sewer rehabilitation works. The company also offers gas pipeline and sewer construction works; and underground piping, underground utility infrastructure construction and maintenance, horizontal directional drilling, and plumbing and sanitary works.