SKYA news

SkyAI is purchasing up to 95% of its outstanding common stock and warrants at $3.00 per share using available cash, excluding any external debt financing, to focus on strategic growth.

SkyAI announced a cash tender offer for up to 95% of outstanding shares and warrants at $3.00 per share, which would yield approximately 0.95x its market Net Asset Value based on existing cash and locked SOL holdings.

SkyAI is initiating a $3.00 per share tender offer for up to 95% of its outstanding equity and warrants, backed by available liquidity when SOL remains above $100, offering shareholders a 65% premium over previous prices.

Forward Industries proposed an all-stock acquisition of SkyAI at $1.55 per share, representing a 20% premium, but received no response by the June 12 deadline. The deal would combine Forward's Solana treasury strategy with SKYA's AI pivot under a larger, better-capitalized platform.