SkyAI Announces Intention to Commence Cash Tender Offer to Purchase Common Stock and Pre-funded Warrants at $3.00 Per Share/Pre-funded Warrant
The company said the $201 million offer would give shareholders and warrant holders a chance to sell directly to SkyAI at a 65% premium.
- On Sunday, October 11, 2026, Nasdaq-listed firm SkyAI announced plans to purchase up to 95% of its outstanding common stock and three classes of warrants at $3.00 per share in cash.
- The SkyAI Board of Directors rejected the latest unsolicited acquisition proposal from Forward Industries, determining the offer undervalued the company and was not in shareholders' best interests.
- To fund the buyback, SkyAI has sold roughly 1 million Solana tokens and transferred an additional 211,623 SOL to Coinbase Prime on Monday, October 12, 2026.
- The $3.00 purchase price represents a 65% premium above the October 9, 2026, closing share price and an over 100% premium to the 60-day volume-weighted average price, contingent on SOL remaining above $100.
- Commencement of the offer is expected on or about October 15, 2026, for 10 business days, with SkyAI continuing its strategic transformation to build an agentic AI financial platform.
12 Articles
12 Articles
Solana treasury firm SkyAI sells 1 million SOL, plans $201 million share buyback
Solana treasury company SkyAI has sold approximately 1 million SOL, or half of its cryptocurrency reserves, as it prepares a cash tender offer worth up to $201 million to repurchase most of its outstanding shares and warrants. According to an…
SkyAI rejects Forward Industries bid, plans $3.00/share tender offer
SkyAI (SKYA) announced plans to commence a cash tender offer to purchase up to 95% of each class of its outstanding common stock and various warrant classes at $3.00 per share, while simultaneously rejecting an unsolicited acquisition proposal from
Globe Newswire
SkyAI Announces Intention to Commence Cash Tender Offer to Purchase Common Stock and Pre-funded Warrants at $3.00 Per Share/Pre-funded Warrant
SkyAI intends to purchase up to 95% of each class of its outstanding common stock, cash pre-funded warrants, cryptocurrency pre-funded warrants and...
Cryptopolitan
SkyAI sells half its SOL to fund $201M buyback and keep Forward out
SkyAI plans to spend roughly $201 million buying back up to 95% of its shares and warrants at $3.00 each. The company plans to sell half of the Solana treasury it spent the past year building to fund the buyback. The move essentially rejects a takeover bid from Forward Industries. Will SkyAI buy back its shares? SkyAI (Nasdaq: SKYA) has announced a $201 million tender offer to buy back about 95% of its shares. It’s offering $3.00 per share in ca…
SkyAI confirmed the sale of about SOL 1 million and projects a cash offer of up to USD $201 million to repurchase shares and warrants. The company still retained approximately another million SOL when it announced the plan, while analysts reported additional transfers that do not on their own prove the tokens were sold.
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