SkyAI, Inc. (Nasdaq: SKYA) announced on October 14, 2026, that it intends to commence a cash tender offer for up to 95% of its outstanding securities, including common stock, cash pre-funded warrants, cryptocurrency pre-funded warrants, and strategic advisor warrants. The purchase price for each share or warrant is set at $3.00. The offer is scheduled to begin on October 15, 2026, after the market closes, following the filing of a Tender Offer Statement on Schedule TO with the SEC.
The company stated that the $3.00 purchase price represents a 65% premium to the company's closing share price on October 9, 2026, and a premium of over 100% to its 60-day volume-weighted average price as of that date. As of October 14, 2026, SkyAI reported holding approximately $204.6 million in cash and approximately 210,000 locked SOL tokens. The company noted that it sold a combination of liquid and locked SOL over the last few days at an average price of $107.51 per token, and intends to continue selling its remaining SOL holdings to fund the tender offer.
The offer is expected to expire at one minute after 11:59 p.m., New York City time, on October 29, 2026, unless extended or earlier terminated. Holders of warrants do not need to exercise them into common stock prior to tendering; they may submit their warrants directly into the offer at the $3.00 price. The company expects to hold no SOL following the completion of the offer.
MacKenzie Partners, Inc. has been appointed as the information agent for the transaction. Investors are advised to read the offer materials filed with the SEC prior to making any decisions regarding the tender.
