SkyAI Exits Solana Treasury Strategy to Fund $201M Buyback—Here’s Why
Key Highlights: SkyAI commenced a cash tender offer to repurchase common stock and warrants at $3.00 apiece, covering 95% of each outstanding class. The offer could cost $201.3 million before related fees and expenses, funded from $223.1 million in cash on hand. SkyAI’s exit from its Solana digital asset treasury strategy follows approximately $153 million ...