SkyAI plans cash tender offer to buy back up to 95% of outstanding shares at $3.00 each
SKYA•SkyAI plans to offer $3.00 per share or pre-funded warrant to repurchase up to 95% of each class, for a maximum of about $201 million. The offer is targeted to launch around Oct. 15, 2026, and requires SOL to remain above $100 per SOL.
1. Tender offer terms
SkyAI plans a cash tender offer to repurchase up to 95% of each class of its common stock and pre-funded warrants at $3.00 each, with a maximum aggregate purchase price of about $201 million. The offer is targeted to launch around Oct. 15, 2026, and run for 10 business days unless extended or terminated earlier.
2. Conditions and funding
Completion requires at least 50% of each class to be tendered and is conditioned on SOL staying above $100 per SOL. SkyAI expects to fund the offer with cash on hand, supported by sales of SOL from its treasury holdings.
