Skyline Builders, Cove Kaz Capital Terminate Combination Agreement

• Skyline Builders Group Holding and Cove Kaz Capital mutually terminated their business combination agreement, originally announced April 30, 2026.
• Cove Kaz now plans to directly list its Class A common stock on a major U.S. exchange in the first half of 2027.
• Before the listing, Skyline will receive 63,994,955 Cove Kaz Class A common shares through private transactions, including equity redemption and convertible-loan cancellation.
• Cove Kaz secured a $32 million capital commitment at $8 per share, implying an equity valuation of $1.97 billion.
• The resulting 26% stake will be worth over $500 million; Skyline plans to distribute that value to shareholders before pursuing critical-minerals acquisitions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Skyline Builders Group Holding Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202611020905PRIMZONEFULLFEED9867944) on November 02, 2026, and is solely responsible for the information contained therein.