SkyAI launched a cash offer on Oct. 16, 2026, to buy up to $201.3 million of its shares and three types of warrants at $3 per security. The Nasdaq-listed company said it had sold its entire solana holding and held about $223.8 million in cash, removing a planned condition tied to solana’s price.
The offer covers up to 95% of outstanding shares and is set to expire Oct. 29, 2026, unless extended or canceled. At least half the securities in each required category must be submitted for that part of the offer to proceed; if submissions exceed the amount sought, SkyAI will buy them proportionally. Holders can withdraw before the deadline, and the board has not recommended whether they should participate.
