Skyline Builders Group Terminates Business Combination Agreement with Cove Kaz Capital

Skyline Builders Group and Cove Kaz Capital mutually terminated their business combination agreement, originally announced April 30, 2026. Skyline plans to release its KAZR ticker within 15 days and retains an approximately 26% stake in Cove Kaz, which it expects to distribute to shareholders in a tax-efficient manner. Cove Kaz secured a new $32 million capital commitment at $8 per share, implying an approximately $2 billion equity valuation, and plans to pursue a direct listing on a major U.S. exchange in the first half of 2027.