Update
SkyAI Prepares $3/Share Tender Offer
SkyAI, a Nasdaq-listed Solana treasury company, has about 80% of the required $3 per share tender offer cash and approximately 600,000 Solana (SOL) retained. The tender offer requires SOL to close above $100 throughout the offer period, subject to the company's waiver rights. The offer covers up to 95% of each specified securities class, including common stock, cash pre-funded warrants, cryptocurrency pre-funded warrants, and strategic advisor warrants. If more than 95% of a class is validly tendered and not withdrawn, SkyAI expects to prorate purchases within that class. The offer is expected to begin on or around October 15, with a 10-business-day period unless it is extended or terminated early.