SkyAI Sells Entire Solana Treasury a Month After Reaffirming Strategy
Photo: TokenPost
SkyAI, Inc. has sold its entire Solana (SOL) treasury to fund a cash tender offer for most of its shares and warrants, reversing a strategy it reaffirmed just over a month ago. The Nasdaq-listed company held no SOL and about $223.8 million in cash as of Oct. 16. Its tender offer, which began that day, seeks up to 95% of each eligible class at $3 per share and $2.9999 per warrant. A full subscription would cost about $201.3 million, funded with cash on hand. On Sept.
Also reported by The Defiant.
Source: TokenPost
