• SKK Holdings signed definitive asset purchase agreement to acquire substantially all drone assets of Rantizo used in agricultural spraying, seeding, monitoring, forestry emergency response, and other commercial applications.
• Assets valued at USD 258.8 million, with consideration paid in newly issued Class A ordinary shares priced off three-day VWAP before closing.
• Transaction expected to create publicly traded operator focused on drone-based platforms across precision agriculture, emergency response, and broader commercial end markets.
• Closing expected to occur alongside related arrangements, subject to shareholder approval, Nasdaq approval, regulatory clearances, and customary conditions.
• Rantizo expected to hold substantial majority of outstanding Class A ordinary shares following closing.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SKK Holdings Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605041015PRIMZONEFULLFEED9712355) on May 04, 2026, and is solely responsible for the information contained therein.