SkyAI Plans $3 Cash Tender Offer for Up to 95% of Shares
Photo: TokenPost
SkyAI plans to launch a $3-per-share cash tender offer for up to 95% of its outstanding common stock and related pre-funded warrants, placing the maximum transaction value at about $201 million. The Nasdaq-listed Solana treasury firm expects to begin the offer around Oct. 15. The proposed price is also $3 for each pre-funded warrant included in the offer. SkyAI plans to use existing cash and proceeds from selling its SOL holdings to fund the purchases. The company has not completed the tender offer; it has announced plans to start the process.
Source: TokenPost
