$SOL
SkyAI Sold All Sol and Launched a $201 Million Share Buyback
SkyAI (formerly Sharps Technology) announced the complete sale of its Solana reserves and the launch of a share and warrant repurchase program worth up to $201.3 million. As of October 16, the company held $223.8 million in cash. The company will repurchase up to 95% of each class of securities at $3 per share.
The offer expires on October 29. As of September, SkyAI held over 2 million Sol and was among the top five public holders of the cryptocurrency. The company intends to continue developing its financial AI platform based on Solana.
SkyAI Sold All Sol and Launched a $201 Million Share Buyback
SkyAI (formerly Sharps Technology) announced the complete sale of its Solana reserves and the launch of a share and warrant repurchase program worth up to $201.3 million. As of October 16, the company held $223.8 million in cash. The company will repurchase up to 95% of each class of securities at $3 per share.
The offer expires on October 29. As of September, SkyAI held over 2 million Sol and was among the top five public holders of the cryptocurrency. The company intends to continue developing its financial AI platform based on Solana.