$SOL SkyAI sold all its SOL and launched a $201 million share buyback
SkyAI (formerly Sharps Technology) announced that it had fully sold its Solana reserves and launched a share and warrant buyback program worth up to $201.3 million. As of October 16, it had $223.8 million in cash in its accounts. The company will buy back up to 95% of each class of securities at $3 per unit. The offer is open until October 29.
As recently as September, SkyAI held more than 2 million SOL and ranked among the five largest publicly traded holders of the cryptocurrency. The company nevertheless plans to continue developing its Solana-based financial AI platform.
SkyAI (formerly Sharps Technology) announced that it had fully sold its Solana reserves and launched a share and warrant buyback program worth up to $201.3 million. As of October 16, it had $223.8 million in cash in its accounts. The company will buy back up to 95% of each class of securities at $3 per unit. The offer is open until October 29.
As recently as September, SkyAI held more than 2 million SOL and ranked among the five largest publicly traded holders of the cryptocurrency. The company nevertheless plans to continue developing its Solana-based financial AI platform.