SKK Holdings Ltd (SKK) Chief Executive Officer Koon Kiat Sze reported directly acquiring 1,284,960 Class A Ordinary Shares on October 9, 2026; his reported direct holdings after the transaction were 1,284,960 shares. The acquisition was connected to SKK Holdings Ltd’s asset purchase transaction with Rantizo, Inc., under agreements dated May 1, 2026. Rantizo received Class A Ordinary Shares and other consideration for the sale of certain assets.
SKK Holdings Ltd President and director Marianne McInerney reported acquiring 1,059,519 Class A ordinary shares on October 9, 2026, in connection with SKK’s asset purchase transaction with Rantizo, Inc. Reported direct holdings following the transaction were 1,059,519 shares. The related footnote says Rantizo received Class A ordinary shares and other consideration for selling certain assets to SKK.
SKK Holdings Ltd (SKK) President and director Marianne McInerney reported direct ownership of 1,059,519 Class A Ordinary Shares as of October 9, 2026. The shares have a par value of $0.0025 per share.
SKK Holdings Ltd., renamed Rantizo, completed its acquisition of substantially all Rantizo, Inc.’s drone-based technology assets used in agricultural spraying, seeding and monitoring, effective October 9, 2026. It issued 51,966,591 Class A ordinary shares as consideration, determined by dividing $258.83 million by the $4.9807 volume weighted average price over the prior three trading days.
Management received 2,409,300 Class A shares with a $12,000,000 aggregate grant-date value; A.G.P./Alliance Global Partners received 2,000,000 shares for serving as exclusive financial advisor. The 1,085,264 SPA shares converted from Class B to Class A before transfer to Rantizo, Inc.; consideration, management, advisor and SPA shares are subject to a six-month lock-up. The $8,000,000 SPA purchase price is payable after the post-closing company receives Capital Raise proceeds.
The waiver permits at least $10 million in Capital Raise proceeds by October 16, 2026; Rantizo, Inc.’s $10 million PIPE proceeds are due by then only if the Capital Raise is complete. The company changed its name to Rantizo on October 9, and its ticker changed from SKK to RNTZ effective October 13. Marianne McInerney became Executive Director and President; Ng Chun Seong resigned as Executive Director and remains Chief Operating Officer.
SKK Holdings Ltd agreed to acquire substantially all of Rantizo, Inc.’s drone-based technology assets for $759,047 in cash and approximately $258.8 million in newly issued Class A ordinary shares; shareholder approval was obtained, but Closing remains prospective. Assuming a three-day VWAP of $4.39 as of September 14, 2026, 61,236,902 Class A ordinary shares would be issued to Rantizo shareholders at Closing. SKK also agreed to register the consideration shares for resale. Rantizo agreed to complete a $10 million private placement of its common shares and escrow the proceeds; SKK would issue additional shares to Rantizo for those proceeds.
Rantizo shareholders would collectively own approximately 91.7% of SKK’s then-outstanding ordinary shares after Closing, based on SKK’s shares outstanding at December 31, 2025. Management is to receive Class A shares with an aggregate grant-date value of $12 million. Marianne McInerney is slated to become executive director and President after Closing; Ng Chun Seong will resign as executive director and remain Chief Operating Officer.
Unaudited pro forma 2025 figures show $12.949 million in revenue and a $25.779 million net loss. The statements are illustrative, rely on preliminary acquisition-accounting estimates and are not intended to represent future results.
SKK Holdings Limited (SKK) reported that its subsidiary SKK Works Pte. Ltd. has been awarded six new horizontal directional drilling and utility works contracts in Singapore with an aggregate value of up to US$26.6 million (S$34.1 million). Five fixed-price subcontracts for HDD works total about US$19.6 million (S$25.2 million) from multiple civil engineering contractors and a leading telecommunications operator, while a sixth fixed-price subcontract for utility works related to a statutory board project is valued at about US$7.0 million (S$8.9 million).
The company also highlighted progress on its previously announced acquisition of Rantizo, Inc.’s drone-based technology assets, valued at approximately US$258.8 million in exchange for US$759,047 in cash and newly issued Class A ordinary shares. Shareholders have approved the asset purchase agreement, issuance of consideration shares, a tenfold increase in authorized share capital, Rantizo board nomination rights, and a post-closing name change to Rantizo. Closing remains subject to remaining conditions, including Nasdaq approval of additional share listings, after which the existing Singapore subsurface utility business is expected to operate alongside the new drone-based technology platform.
SKK Holdings Limited (SKK) completed a registered direct offering of equity. The company entered into Securities Purchase Agreements with investors to sell an aggregate of 770,000 Class A Ordinary Shares at US$4.46 per share, using its effective Form F-3 shelf registration statement and an August 12, 2026 prospectus supplement. Closing occurred on August 17, 2026, with aggregate gross proceeds of US$3,434,200, based on the U.S. dollar value of Tether (USDT) received.
Investors paid in USDT, valued in U.S. dollars using Coinbase’s price as of August 11, 2026. SKK intends to hold the USDT and may convert some or all into U.S. dollars or other fiat currencies for working capital and general corporate purposes. After the offering, SKK had 2,875,332 Class A and 1,085,264 Class B Ordinary Shares issued and outstanding. Cayman counsel Conyers Dill & Pearman issued a validity opinion on the shares.
SKK Holdings Limited is conducting a primary offering of 770,000 Class A ordinary shares at $4.46 per share under its effective Form F-3 shelf registration. Expected gross proceeds are $3,434,200, to be received in digital stablecoins USDC and/or USDT. The company plans to hold these digital assets as part of a digital asset reserve and may convert portions into U.S. dollars or other fiat currency for working capital and general corporate purposes.
No underwriter or placement agent is involved, and no commissions will be paid. Following the offering, SKK will have 2,875,332 Class A and 1,085,264 Class B ordinary shares outstanding. Pro forma as adjusted net tangible book value is estimated at $2.68 per share, implying immediate dilution of $1.78 per share to new investors. SKK remains an emerging growth company and a foreign private issuer listed on Nasdaq under the symbol SKK.
SKK Holdings Limited is amending its at-the-market equity program for its Class A ordinary shares. The company originally registered up to $5,540,009 of shares under a sales agreement with A.G.P./Alliance Global Partners. As of this supplement, $201,983.46 of shares have been sold under the agreement.
Effective July 31, 2026, the company is reducing the remaining aggregate offering price that may be offered and sold under the Sales Agreement to $25,000. The Sales Agreement otherwise remains in force. The offering will end when shares with an aggregate price of $25,000 are sold or the Sales Agreement is terminated. SKK’s Class A ordinary shares trade on Nasdaq under the symbol SKK, with a last reported sale price of $4.65 on July 30, 2026.
SKK Holdings Limited held an extraordinary general meeting where shareholders overwhelmingly approved acquiring Rantizo, Inc.’s drone-based technology assets and major related changes.
The Asset Purchase Agreement covers substantially all of Rantizo’s drone-based technology assets for a purchase price of $759,047 in cash plus newly issued Class A ordinary shares valued at approximately $258.8 million. Additional Class A shares valued at $12 million will go to certain SKK management, and Class A shares valued at $10 million will be issued in connection with a $10 million payment from Rantizo held in escrow.
Shareholders also approved changing the company’s name to Rantizo, a tenfold increase in authorized share capital from $500,000 to $5,000,000 (including 1.9 billion Class A and 50 million Class B shares), adoption of amended constitutional documents, approval under Nasdaq Listing Rule 5635(d) to issue more than 19.99% of outstanding Class A shares in line with the APA, and broad authorization for directors and officers to implement these resolutions. All proposals passed with more than 99.99% of votes cast in favor.