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$SKK -12.34% — what the base rate says

$SKK -12.34% — what the base rate says

SKK Holdings has completed a $258.8 million acquisition. Going in, the market valued SKK at about $12M.

Read the ownership line before the price. Rantizo, the company that sold the drone assets, now owns approximately 87% of the combined entity. The feed doesn't split cash from shares. The ownership line is the part it does show, and a $12M company doesn't usually cover a $258.8M bill from the till.

The release landed at 4:45 PM ET. SKK becomes Rantizo and trades as RNTZ starting October 13. $SKK is -12.34% after hours.

The listed company bought the drones. The drone owner ended up with the company. Legacy SKK holders went from 100% of SKK to roughly 13% of a drone platform. That trade may be fine or terrible. It is a different holding than it was at 4:44.

Friday's #VIVK was a non-binding letter, and it opened at 7.01 and closed at 3.80 that session. This one isn't a letter. It closed, and the cap table is the receipt.

What the data showed

  • $SHFS -22.69% SHF Holdings, Inc. mcap $1M · float 919,166 shares · sector: FINANCE SERVICES
  • $CLWT -19.54% Euro Tech Holdings Company Limited mcap $9M · float 3M shares
  • $LNKS -19.38% Linkers Industries Limited mcap $2M · float 1M shares
  • $SMTK -18.18% SmartKem, Inc. mcap $2M · float 990,000 shares · sector: SEMICONDUCTORS & RELATED DEVICES
  • $WFF -18.00% WF Holding Limited mcap $10M · float 4M shares
  • $ZBAO -17.92% Zhibao Technology Inc. mcap $26M · float 453M shares
  • $SNDX -17.83% Syndax Pharmaceuticals, Inc. mcap $1.6B · float 80M shares · sector: PHARMACEUTICAL PREPARATIONS
  • $MNDR -14.15% Mobile-health Network Solutions mcap $5M · float 818,333 shares
  • $DKI -12.84% Darkiris Inc. mcap $7M · float 540,000 shares
  • $SKK -12.34% SKK Holdings Limited mcap $12M · float 3M shares

Before you call a merger name cheap, look at its prior gap-down sessions on FILTRIX.net and see how often they closed below the open. $SKK has only six, so read them as anecdotes, not a rate.

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