SKK Holdings (SKK) Stock Surges 15% After Hours: Here's What You Should Know

SKK Holdings (NASDAQ: SKK) shares rose 15.38% after hours to $0.22 following the board's approval of a 10-for-1 reverse stock split, effective April 6, to comply with Nasdaq's $1.00 minimum bid price requirement. The company's market capitalization stands at $3.62 million, and it has experienced a 76.22% decline over the past year, trading near its 52-week low of $0.17. The reverse stock split will reduce the total shares from approximately 24.37 million to about 2.43 million, with no action required from shareholders.