Announcement • May 20
SKK Holdings Limited has filed a Follow-on Equity Offering in the amount of $5.540009 million. SKK Holdings Limited has filed a Follow-on Equity Offering in the amount of $5.540009 million.
Security Name: Class A Ordinary Shares
Security Type: Common Stock
Transaction Features: At the Market Offering Announcement • May 05
SKK Holdings Limited (NasdaqCM:SKK) entered into a definitive asset purchase agreement to acquire Substantially all drone assets from American Autonomy, Inc. for approximately $260 million. SKK Holdings Limited (NasdaqCM:SKK) entered into a definitive asset purchase agreement to acquire Substantially all drone assets from American Autonomy, Inc. for approximately $260 million on May 4, 2026.
At closing, Rantizo will have the right to nominate two (2) directors to SKK Holdings’ board of directors, consisting of one (1) executive director and one (1) independent director, meeting all Nasdaq and SEC independence requirements.
The transaction is subject to subject to antitrust regulations, approval by regulatory board / committee, approval of merger agreement by target board, approval of offer by acquirer shareholders, approval of offer by acquirer board, registration statement effectiveness(S-4 / F-4) and lock-up agreement. The deal has been unanimously approved by the board. The Asset Purchase Agreement and the Securities Purchase Agreement are expected to close concurrently.
Alliance Global Partners acted as financial advisor for SKK Holdings Limited. TroyGould PC acted as legal advisor for SKK Holdings Limited. Seward & Kissel LLP acted as legal advisor for SKK Holdings Limited. Announcement • Apr 22
SKK Holdings Limited Regains Compliance with Nasdaq Minimum Bid Price Requirement SKK Holdings Limited (the Company) received a formal notification from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (Nasdaq) indicating that the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share (the Rule). As previously disclosed, the Company was notified by Nasdaq on April 14, 2025 that the Company was not in compliance with the Rule because the closing bid price of its ordinary shares (which ordinary shares have since been reclassified as Class A ordinary shares) was below $1.00 per share for 30 consecutive business days. The Company had until October 13, 2025, and subsequently was granted an additional 180-days, or until October 13, 2025, to regain compliance with the Rule. On April 14, 2026, the Company received a written notification from the Staff of Nasdaq, indicating that the Company failed to regain compliance within the second 180-calendar-day compliance period, and as a result, the Staff determined to delist the Company's securities from the Nasdaq Capital Market, unless the Company requests an appeal of the Staffs determination to a hearings panel. Subsequently, Nasdaq has now determined that for the last ten consecutive business days, from April 6, 2026 to April 17, 2026, the closing bid price of the Company's Class A ordinary shares was at or above $1.00 per share, and accordingly, the Company has regained compliance with the Rule. In light of regaining compliance, the Company no longer intends to pursue the previously contemplated appeal of the Staffs delisting determination. 
