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SKK Holdings acquires Rantizo's drone assets for $258.8M, rebrands as Rantizo, and lists on Nasdaq as RNTZ

Company Fundamentals
12 Oct 2026
GlobeNewsWire
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Bullish
SKK Holdings acquires Rantizo's drone assets for $258.8M, rebrands as Rantizo, and lists on Nasdaq as RNTZ

SKK Holdings Limited completed a $258.8 million acquisition of drone assets from Rantizo, Inc., focusing on agriculture, forestry, emergency response, and commercial drone applications. Following the acquisition, SKK Holdings changed its name to Rantizo and will begin trading on Nasdaq under the ticker RNTZ on October 13, 2026. The deal involves issuing new Class A shares, with Rantizo owning about 87% of the company post-transaction. The company aims to leverage public capital markets to expand its drone technology platform and scale operations across multiple industries.

SKK Holdings' $258.8 million acquisition of drone assets from Rantizo, Inc. and subsequent rebranding to Rantizo provide context for technology sector activity on Pluang. For readers following technology stocks, here is Pluang's market snapshot as of Oct 13, 2026 02:31 WIB: out of 150 priced US technology stocks, 38 rose and 111 fell. Notable movers include ATOM at USD 3.88 with a 1-day change of -6.73% and 99% sell order activity, CRDO at USD 201.99 down 6.72% with 69% buy orders, and GLW at USD 146.19 down 6.70% with 93% buy orders.

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