SKK Holdings Shareholders Approve Rantizo Acquisition, Name Change

SKK Holdings Ltd shareholders approved the acquisition of substantially all of Rantizo, Inc.'s drone-based technology assets. The deal involves a purchase price of $759,047 in cash and approximately $258.8 million in newly issued Class A ordinary shares. Additionally, shareholders approved changing the company's name to "Rantizo" and increasing the authorized share capital from $500,000 to $5,000,000. All proposals, including the issuance of over 19.99% of outstanding Class A Ordinary Shares for the acquisition, received overwhelming support at the Extraordinary General Meeting.