SKK 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

SINGAPORE, May 04, 2026 (GLOBE NEWSWIRE) -- SKK Holdings Limited (NASDAQ: SKK) ("SKK Holdings" or the "Company"), today announced that it has entered into a definitive asset purchase agreement (the "Asset Purchase Agreement") with Rantizo, Inc. ("Rantizo"), a Delaware corporation headquartered in Houston, Texas, under which SKK Holdings will acquire substantially all of Rantizo's drone-assets used in agricultural spraying, seeding, and monitoring for agriculture, forestry emergency response, and commercial applications (the "Acquired Assets").