SKK Holdings Completes $258.8 Million Acquisition of Rantizo Assets

Key Facts

1SKK Holdings completed the acquisition of drone assets from Rantizo, Inc. for $258.8 million.

2The company will change its name to Rantizo and shares are expected to trade on Nasdaq under the ticker RNTZ starting October 13, 2026.

SKK Holdings completed the acquisition of drone assets from Rantizo, Inc. for $258.8 million. GlobeNewswire reported that the company will change its name to Rantizo, and its shares are expected to begin trading on the Nasdaq under the new ticker symbol RNTZ on October 13, 2026.

The acquisition aims to establish a specialized publicly traded platform for commercial drone applications. Regarding market performance, NDAQ closed at $93.65 on October 9, 2026, having reached a day high of $93.95 and a low of $92.5.