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SKK deal: Phillip Oldridge reports 9.02% Rantizo stake

Oldridge may participate in Rantizo board or management changes and supports plans being considered to redomicile Rantizo to the United States.

(Moderate)

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Form Type
SCHEDULE 13D

Rhea-AI Filing Summary

SKK Holdings Ltd (SKK), the issuer, was a party to an asset purchase transaction with Rantizo in which Phillip Oldridge reports receiving 6,166,402 Rantizo Class A ordinary shares on October 9, 2026. He received the shares as a pro rata distribution of shares issued to Rantizo as transaction consideration.

Oldridge reports beneficial ownership of 6,166,402 shares, approximately 9.02% of Rantizo's 68,344,237 shares outstanding. The transaction included 51,966,591 Class A shares received by Rantizo under the asset purchase agreement, with the share count based on $258.83 million divided by a $4.9807 volume weighted average price, and an additional 1,085,264 Class A shares converted from prior Class B shares. Oldridge supports plans being considered to redomicile Rantizo to the United States and may support, propose, or participate in board or management changes.

Phillip Oldridge beneficially owned 6,166,402 shares Rantizo Class A ordinary shares
Ownership percentage 9.02% Reported beneficial ownership of Rantizo shares
Rantizo shares outstanding 68,344,237 shares Basis for the reported ownership percentage
Class A shares received by Rantizo 51,966,591 shares Asset purchase agreement consideration
Additional Class A shares 1,085,264 shares Converted from prior Class B shares under the securities purchase agreement
Value used in share-count calculation $258.83 million Divided by the volume weighted average price to determine the asset-purchase share count
Volume weighted average price $4.9807 per share Price used to determine the asset-purchase share count
beneficially own financial
"may be deemed to beneficially own 6,166,402.00 Shares"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
pro rata distribution financial
"received a pro rata distribution of the Class A ordinary shares"
A pro rata distribution is when a company or organization shares out money, assets, or benefits evenly among all eligible people based on their size or share. For example, if a company makes a profit and distributes it to shareholders, each person gets a portion proportional to how many shares they own. It ensures everyone gets their fair part based on their ownership or stake.
volume weighted average price financial
"which was the volume weighted average price of the Class A ordinary shares"
The volume weighted average price (VWAP) is a way to measure the average price of a security, such as a stock, over a specific period, taking into account how many units were traded at each price. It’s similar to calculating the average cost of items bought when some are more frequently purchased than others. Investors use VWAP to assess whether a security is being bought or sold at a fair price during trading.
redomicile regulatory
"plans being considered by the Issuer to redomicile the Issuer to the United States"
Redomicile is when a company legally moves its “home” from one country or jurisdiction to another while keeping its business operations largely the same. For investors it matters because the move can change tax rules, legal protections, corporate governance, and the ease of trading shares—similar to a person changing their legal residence to gain different benefits or follow different laws, which can affect value and risk.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many Rantizo shares does Phillip Oldridge report owning in the SKK transaction?

Phillip Oldridge reports beneficial ownership of 6,166,402 Rantizo Class A ordinary shares, approximately 9.02% of the 68,344,237 shares outstanding used in the ownership calculation.

How did Phillip Oldridge receive shares in the SKK-Rantizo transaction?

He received the shares as a pro rata distribution of Class A ordinary shares issued to Rantizo as consideration in the asset purchase transaction between SKK Holdings Ltd and Rantizo, at closing on October 9, 2026.

What does Phillip Oldridge say about Rantizo plans in the SKK disclosure?

He supports plans being considered to redomicile Rantizo to the United States and may support, propose, or participate in board and management changes, including appointments and replacements.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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G8292E110

(CUSIP Number)
Phillip Oldridge
211 Highland Cross Drive,
Houston, TX, 77073
703-915-6652

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
10/09/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
All reported shares are owned by Phillip Oldridge. Calculated based on 68,344,237 Class A ordinary shares, par value $0.0025 per share, of the Issuer outstanding as of the date hereof.


SCHEDULE 13D


OLDRIDGE PHILLIP
Signature:/s/ Phillip Oldridge
Name/Title:Phillip Oldridge
Date:10/19/2026

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