SKK Holdings Ltd (SKK) Form 6-K — Oct 13, 2026
SKK Holdings closed its ~$258.8 million acquisition of Rantizo Inc.'s drone-based technology assets on October 9, 2026, paying with 51,966,591 newly issued Class A ordinary shares priced at a $4.9807 three-day VWAP. Rantizo, Inc. now owns approximately 87% of the combined company's Class A shares, an effective change of control. The company changed its name from SKK Holdings Limited to Rantizo, and its Nasdaq ticker changed from SKK to RNTZ effective October 13, 2026.
Key figures
- Deal Value Usd
- 258830000
- Offering Price
- 4.9807
- Shares Offered
- 51,966,591 Consideration Shares + 2,409,300 Management Shares + 2,000,000 AGP Shares
- Lockup
- six months following closing
- New ticker
- RNTZ
- Pipe proceeds
- $10 million (delivery deferred to post-closing)
- Effective closing date
- October 9, 2026
- Required capital raise
- $10 million (waived at closing; due by October 16, 2026)
- Spa cash consideration
- $8,000,000 (deferred to post-closing)
- Class b shares acquired
- 1085264
- Management shares value
- $12,000,000
- Rantizo ownership post close
- approximately 87% of Class A ordinary shares
AI analysis
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