SKK Completes Rantizo Acquisition

05:30 PM EDT, 10/12/2026 (MT Newswires) -- SKK (SKK) said late Monday it closed its acquisition of nearly all Rantizo's drone assets for roughly 52 million of its new Class A ordinary shares, with Rantizo owning about 87% of SKK's shares. The deal was valued at $258.8 million, the company said. SKK will change its name to Rantizo, with its Class A shares expected to begin trading on Nasdaq under the ticker RNTZ on Tuesday. Rantizo also agreed to buy 1.1 million Class B ordinary shares from existing holders for $8 million in cash, payable upon certain post-closing conditions, SKK said.