SKK Holdings Completes $258.8 Million Acquisition of Drone Assets from Rantizo, Inc., Establishing a Publicly Traded Drone Platform for Commercial Applications, and Changes Name to Rantizo
Globe Newswire•12/10/2026•16:45 ET
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Key Highlights
- ➤$258.8 million drone-asset acquisition from Rantizo closes
- ➤51,966,591 Class A shares issued as transaction consideration
- ➤Rantizo owns approximately 87% of issued Class A shares post-closing
- ➤Shares expected to begin Nasdaq trading as RNTZ on October 13, 2026
- ➤Company changes name from SKK Holdings to Rantizo
Expert Statements
Marianne McInerney, President of Rantizo
“Closing this transaction marks a defining moment for Rantizo. By combining our drone technology with a Nasdaq-listed platform, we now have the access to the public capital markets and the opportunity to scale our operations across agriculture, forestry and emergency response. We are excited to begin our next chapter as a public company and look forward to building long-term value for our shareholders.”
Shares of the combined company are expected to begin trading on Nasdaq under the ticker symbol “RNTZ” on Tuesday, October 13, 2026
The transaction is valued at approximately $258.8 million, consisting primarily of newly issued Class A ordinary shares
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