SkyAI Announces Intention to Commence Cash Tender Offer to Purchase Common Stock and Pre-funded Warrants at $3.00 Per Share/Pre-funded Warrant
Globe Newswire•11/10/2026•23:14 ET
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Key Highlights
- ➤SkyAI plans $3.00-per-share tender offer for up to 95% of outstanding securities
- ➤Maximum tender-offer purchase price approximately $201M
- ➤Offer price represents 65% premium to October 9 closing price
- ➤Offer requires at least 50% tendering in each class and SOL above $100
- ➤Board rejects Forward Industries’ 0.306-FWDI-share exchange proposal as undervaluing SkyAI
SkyAI intends to purchase up to 95% of each class of its outstanding common stock, cash pre-funded warrants, cryptocurrency pre-funded warrants and strategic advisor warrants
Purchase price represents a 65% premium above SkyAI’s closing share price on October 9, 2026, and an over 100% premium to the 60-day volume-weighted average price
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