Solana treasury company SkyAI (Nasdaq: SKYA) said it plans a cash tender offer at $3 per share and per pre-funded warrant, for up to 95% of its outstanding common stock and related warrants, with a maximum purchase price of about $201 million. It expects to fund the offer with cash on hand and proceeds from selling SOL, and to launch it around Oct. 15. The board also rejected Forward Industries’ unsolicited, non-binding all-stock proposal to exchange 0.306 FWDI shares for each SkyAI share, saying it undervalued the company.
