Mergers & Acquisitions ·
SKK Holdings acquires Rantizo's drone assets for $258.8M in shares and cash, will rebrand as Rantizo
SKKRantizo
SKK Holdings Limited is acquiring substantially all of Rantizo, Inc.’s drone-based technology assets for approximately $258.8 million in newly issued Class A ordinary shares and $759,047 in cash. Shareholder approval was obtained on June 22, 2026, with the transaction expected to close in the third quarter of 2026. Upon closing, SKK will change its name to Rantizo, and current Rantizo shareholders will own approximately 91.7% of the combined entity. Marianne McInerney has been nominated as Executive Director and President, effective immediately after Closing. The company also attached unaudited pro forma financial information reflecting the acquisition.