CryptoMediumUpdated•Originally published 12 October 2026•Updated 12 October 2026•
1 min read
SkyAI Increases Tender Offer to $201M Following Rejection of Acquisition Bid
Key Facts
1SkyAI plans to launch a $200 million tender offer at $3 per share or warrant.
2The tender offer targets up to 95% of outstanding securities starting October 15.
SkyAI plans to launch a $201 million tender offer at a price of $3 per share or warrant. TokenPost reported that the offer targets up to 95% of the company's outstanding securities and is scheduled to commence on October 15, 2026. This strategic move follows the board's decision to reject a nonbinding acquisition proposal from Forward Industries, which the company determined undervalued its assets.
SKYA closed at $1.82 on October 9, 2026, representing a significant discount to the proposed $3 tender price. According to TokenPost, SkyAI intends to fund the repurchases through existing cash reserves and proceeds from the sale of its Solana holdings. The stock reached a high of $1.88 and a low of $1.6701 during the October 9, 2026 session.