SkyAI launches $201.3 million tender offer for shares and warrants
SKYA•SkyAI launched a cash tender offer to repurchase up to 95% of each outstanding share and warrant class for about $201.3 million if fully subscribed, using cash on hand.
1. Tender offer terms
SkyAI launched the offer on October 16, 2026, offering $3 per share and $3 per warrant less the warrant’s $0.0001 exercise price. The offer expires one minute after 11:59 p.m. New York time on October 29, 2026, unless extended or terminated early.
2. Cash on hand
SkyAI said the offer would be funded from cash on hand without borrowing. It reported approximately $223.8 million in cash on October 16, 2026, following the sale of all its SOL holdings.
