SKK Holdings Ltd (SKK) Form 6-K — Sep 25, 2026
SKK Holdings provided an update on its pending acquisition of Rantizo's drone-based technology assets for total consideration of ~$259.6M — $759,047 in cash plus ~$258.8M in newly issued Class A shares valued at a 3-day VWAP of $4.39. At closing, Rantizo shareholders would own approximately 91.7% of the company, and the company will be renamed Rantizo. Assuming the September 14, 2026 VWAP, about 61.2 million Class A shares would be issued to Rantizo shareholders, with an additional $12M in shares granted to management and $10M in shares issued against a Rantizo private placement in escrow. Pro forma goodwill of $252.7M dominates the $259.6M purchase price allocation.
Key figures
- Revenue
- 12949000
- Goodwill
- 252671000
- Total Assets
- 304786000
- Cash Position
- 14362000
- Deal Value Usd
- 259589000
- Offering Price
- 4.39
- Shares Offered
- 61236902
- Intangible Assets
- 6538000
- Private Placement
- 10000000
- Cash Consideration
- 759047
- Share Consideration
- 258800000
- Management Share Grant
- 12000000
- Estimated Transaction Costs
- 7700000
- Class b share purchase
- 8000000
- Pro forma shareholders equity
- 271924000
- Seller ownership post closing
- 91.7%
AI analysis
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