SKK Holdings Limited
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $11.8M
- Price
- $4.80
- % Change (Daily % change from the live per-ticker quote feed.)
- -2.04%
- Volume
- 5.1K
Quote data as of 7:01 AM ET
About
SKK Holdings Limited, through its subsidiaries, provides civil engineering services in Singapore. It undertakes subsurface utility works, such as power and telecommunication cable laying works, water pipeline works, and sewer rehabilitation works. The company also offers gas pipeline and sewer construction works; and underground piping, underground utility infrastructure construction and maintenance, horizontal directional drilling, and plumbing and sanitary works. It serves government authorities, utility companies, or contractors. The company was founded in 2013 and is headquartered in Singapore.
Quick stats
Shares outstanding2.4M
Computed float1.4M
Float sourceUnknown
Cash runway (months)Unknown
Dilution risk—
Has warrants—
Has convertibles—
Active shelf (Shelf registration (e.g. Form S-3) currently in effect — the company is pre-cleared to issue and sell new shares quickly. A standing dilution risk.)—
Active ATM (At-the-market offering — a program to sell newly issued shares directly into the open market at prevailing prices, diluting existing holders over time.)—
Key info
SectorIndustrials
IndustryEngineering & Construction
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001991261
Websitehttps://skkworks.com.sg
AI Summary
AI-generated2mo agocriticalbullishm and aSKK Holdings Signs Definitive Asset Purchase Agreement with Rantizo, Inc. to Acquire Drone Assets in Approximately $258.8 Million Asset Acquisition, Establishing Publicly-Traded Operator of Drone-Based Platforms for Commercial Applications
SKK Holdings signed a definitive agreement to acquire Rantizo's drone assets in a $258.8 million stock-for-assets transaction, effectively transforming the Singaporean civil engineering firm into a publicly-traded commercial drone operator.
Rantizo will acquire $8 million of existing Class B shares for cash and receive the majority of SKK's Class A shares post-close, giving it control of the company.
The transaction includes a $10 million PIPE into Rantizo and $12 million in stock grants to management, pending shareholder and Nasdaq approval.
Red flags
- Rantizo shareholders will own the substantial majority of SKK post-close (reverse merger structure)
- transaction is contingent on shareholder and Nasdaq approval
- significant dilution to existing SKK shareholders via formula-based share issuance