Reported Sunday, SkyAI Plans Up To $201M Tender For Stock And Warrants At $3.00 Per Share, 46.37M Shares; Board Declines Forward Industries Proposal

Reported Earlier, SkyAI To Buy Up To 95% Of Shares And Warrants At $3.00 Each; $204.6M Cash On Hand, No SOL Expected After Offer

SkyAI will commence a cash tender offer on October 15, 2026 for up to 95% of its outstanding shares, pre-funded warrants and strategic advisor warrants at $3.00 per share or warrantSkyAI holds approximately $204.6M in

SkyAI 9.99% Shareholder Bastion Trading Expresses Serious Concerns Regarding Proposed Cash Tender Offer Announced On October 11

SkyAI shares are trading higher after the company announced that it intends to commence a tender offer to purchase up to 95% of each class of its outstanding common stock, cash pre-funded warrants, cryptocurrency pre-funded warrants, and strategic advisor warrants at a purchase price of $3.00 per share in cash.

SkyAI Announces Intention to Commence Cash Tender Offer to Purchase Common Stock and Pre-funded Warrants at $3.00 Per Share/Pre-funded Warrant

SkyAI announced a cash tender offer to purchase up to 95% of its outstanding common stock and warrants at $3.00 per share, representing a 65% premium to the October 9, 2026 closing price. The offer is expected to commence around October 15, 2026 for 10 business days and is contingent on minimum 50% tender rates and SOL remaining above $100. The company's Board also rejected Forward Industries' latest unsolicited acquisition proposal, determining it undervalues SkyAI.