SKK falls after $5.54M share sale plan weighs on drone deal talk
SKK Holdings shares fell 1.8% to $4.03 Thursday after the company launched an at-the-market program to sell up to $5.54 million in Class A shares. The move comes as SKK pursues a major acquisition of Rantizo’s drone technology assets. Investors cited dilution risk amid the shift toward drone-based agriculture and emergency-response services.