Rantizo has made a significant update to its Schedule 13D filing with the Securities and Exchange Commission, correcting the number of outstanding shares. This adjustment clarifies the ownership stake of Phillip Oldridge, who beneficially owns 6,166,402 shares, representing approximately 9.89% of the total shares outstanding.
The amendment was filed on October 20, 2026, and is crucial for maintaining transparency in the company's reporting. Accurate disclosures are essential in the water, sewer, pipeline, and power line construction industry, where investor confidence can be heavily influenced by such filings.
Background
Rantizo, identified by the Central Index Key 0001991261, operates in the Water, Sewer, Pipeline, Communication, and Power Line Construction sector, classified under SIC 1623. The company is publicly traded on the Nasdaq under the tickers RNTZ and SKK. Its recent filings include a Schedule 13D/A on October 20, 2026, and a Schedule 13D on October 19, 2026.
What the Filing Says
The filing states, "This Amendment is being filed solely to correct the number of Shares outstanding used to calculate the percentage of the class beneficially owned by the Reporting Person." The previous report inaccurately listed 68,344,237 shares as outstanding, whereas the correct figure is 62,344,237 shares. The percentage of shares owned by Oldridge remains unchanged at 9.89%.
Impact
This update primarily affects Phillip Oldridge, who holds a significant stake in Rantizo. Accurate reporting is vital for shareholders and potential investors, as it reflects the company’s commitment to transparency. The correction may also set a precedent for other companies in the industry, emphasizing the importance of precise disclosures.
What's Next
The filing does not say what happens next.