SkyAI to Commence $3.00 Per Share/Warrant Tender Offer and File Offer Materials with the SEC After Market Close on October 15, 2026
Globe Newswire•14/10/2026•19:49 ET
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Key Highlights
- ➤Tender offer starts October 15 for up to 95% of SKYA shares and warrants at $3.00 each
- ➤$3.00 purchase price represents a 65% premium to SKYA’s October 9 closing price
- ➤SkyAI holds approximately $204.6M cash and 210,000 locked SOL as of October 14
- ➤SkyAI sold SOL at an average $107.51 per SOL and plans to sell remaining holdings
- ➤Offer expires October 29 unless extended or terminated; SkyAI expects no SOL afterward
SkyAI will commence a cash tender offer on October 15, 2026 for up to 95% of its outstanding shares, pre-funded warrants and strategic advisor warrants at $3.00 per share or warrant
SkyAI holds approximately $204.6M in cash and approximately 210,000 locked SOL as of October 14, 2026, and expects to hold no SOL once the Offer is completed
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