SkyAI, formerly Sharps Technology, disclosed that it had sold its entire $SOL treasury and held approximately $223.8 million in cash as of October 16. The company had previously pursued a Solana treasury strategy and reported more than 2 million SOL in September. Its latest disclosure confirms that no SOL remains on its balance sheet.
SkyAI has launched a cash tender offer to repurchase up to 95% of each class of its outstanding shares and warrants at $3 each. If fully subscribed, the purchase price would total approximately $201.3 million, funded from existing cash. The offer is scheduled to expire on October 29 unless extended or terminated earlier.
SkyAI has launched a cash tender offer to repurchase up to 95% of each class of its outstanding shares and warrants at $3 each. If fully subscribed, the purchase price would total approximately $201.3 million, funded from existing cash. The offer is scheduled to expire on October 29 unless extended or terminated earlier.