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GlobeNewsWire
4 days ago
SKK Holdings Signs Definitive Asset Purchase Agreement with Rantizo, Inc. to Acquire Drone Assets in Approximately $258.8 Million Asset Acquisition, Establishing Publicly-Traded Operator of Drone-Based Platforms for Commercial Applications
SINGAPORE, May 04, 2026 (GLOBE NEWSWIRE) -- SKK Holdings Limited (NASDAQ: SKK) (“SKK Holdings” or the “Company”), today announced that it has entered into a definitive asset purchase agreement (the “Asset Purchase Agreement”) with Rantizo, Inc. (“Rantizo”), a Delaware corporation headquartered in Houston, Texas, under which SKK Holdings will acquire substantially all of Rantizo's drone-assets used in agricultural spraying, seeding, and monitoring for agriculture, forestry emergency response, and commercial applications (the “Acquired Assets”). The Acquired Assets will be acquired in exchange for newly issued Class A ordinary shares of SKK Holdings.