SkyAI to Commence $3.00 Per Share/Warrant Tender Offer and File Offer Materials with the SEC After Market Close on October 15, 2026
Warrant holders may tender directly for cash without first exercising their warrants into common stock.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
SkyAI (Nasdaq: SKYA) plans to commence a cash tender offer at $3.00 per share or warrant on October 15, 2026. The offer covers up to 95% of each class of common stock, cash pre-funded warrants, cryptocurrency pre-funded warrants and strategic advisor warrants. The price is 65% above the October 9 closing share price and over 100% above the 60-day volume-weighted average price as of that date.
As of October 14, SkyAI holds approximately $204.6 million in cash and approximately 210,000 locked SOL. The offer price represents approximately 0.95x market net asset value. SkyAI expects no SOL holdings after completion. The offer expires one minute after 11:59 p.m., New York City time, on October 29, unless extended or earlier terminated, and requires a minimum condition for each class.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate point. Forward-looking: it has not happened yet and may not happen.Planned cash tender offer covers up to 95% of each class of common stock and eligible warrants.
- Moderate point. Forward-looking: it has not happened yet and may not happen.$3.00 purchase price offers a 65% premium to October 9 closing price and over 100% to 60-day VWAP.
- Moderate point. Forward-looking: it has not happened yet and may not happen.SkyAI intends to sell remaining SOL and expects no SOL holdings following offer completion.
Negative
- Minor point. Forward-looking: it has not happened yet and may not happen.$3.00 purchase price represents approximately 0.95x market net asset value, below asset value.
- Minor pointOffer completion requires a minimum condition for each class.
News Explained
The offer has not commenced and may not proceed; holders of cash pre-funded, cryptocurrency pre-funded and strategic-advisor warrants may tender them directly for
Key Figures
- Maximum purchase scope
- Up to 95%
- Each specified class of outstanding shares and warrants
- Purchase price
- $3.00 per share or warrant
- Cash tender offer
- Premium to closing price
- 65%
- SKYA's October 9, 2026 closing share price
- Premium to 60-day VWAP
- Over 100%
- As of October 9, 2026
- Cash holdings
- Approximately $204.6 million
- As of October 14, 2026
- Locked SOL holdings
- Approximately 210,000 SOL
- As of October 14, 2026
- mNAV multiple
- Approximately 0.95x
- At the $3.00 Purchase Price, based on current cash and SOL holdings
- Offer expiration
- October 29, 2026
- Unless extended or earlier terminated
Historical Context
-
Initial announcement set the $3.00 price, up-to-95% scope, and expected commencement date.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
tender offer financial
schedule to regulatory
pre-funded warrants financial
volume-weighted average price financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
SkyAI will commence a cash tender offer on October 15, 2026 for up to
SkyAI holds approximately
NEW YORK, Oct. 14, 2026 (GLOBE NEWSWIRE) -- SkyAI, Inc. (Nasdaq: SKYA) (“SkyAI” or the “Company”) today announced that it will commence its tender offer (the “Offer”) on October 15, 2026, when it files a Tender Offer Statement on Schedule TO with the U.S. Securities and Exchange Commission (the “SEC”) after the market closes. The Company also provided an update on its net asset position.
On October 11, 2026, the Company announced its intention to purchase up to
As of October 14, 2026, the Company holds approximately $204.6 million in cash and approximately 210,000 locked SOL. Over the last few days, the Company sold a combination of liquid and locked SOL at an average price of
The Offer will expire at one minute after 11:59 p.m., New York City time, on October 29, 2026, unless extended or earlier terminated. The Offer is subject to the conditions described in the Offer to Purchase, including the minimum condition for each class. The Company expects to hold no SOL following completion of the Offer.
Holders of cash pre-funded warrants, cryptocurrency pre-funded warrants and the strategic advisor warrants who wish to participate in the Offer do not need to exercise their warrants into common stock first. They may tender their warrants directly into the Offer at a purchase price of
Holders whose shares are held through a broker, dealer, commercial bank, trust company or other nominee should contact that nominee for instructions on how to tender. Questions and requests for assistance, or for additional copies of the Offer Materials, may be directed to MacKenzie Partners, Inc., the information agent for the Offer, at (800) 322-2885 or (212) 929-5500, or by email at tenderoffer@mackenziepartners.com.
Additional Information Regarding the Offer
The Offer described above has not yet commenced and may not commence. This communication is not an offer to buy nor a solicitation of an offer to sell any securities of the Company. Any solicitation and offer to buy shares, cash pre-funded warrants, cryptocurrency pre-funded warrants and strategic advisor warrants will only be made pursuant to a tender offer statement on Schedule TO, including an offer to purchase, a letter of transmittal and other related materials that the Company intends to file with the Securities and Exchange Commission. If applicable, once filed, investors will be able to obtain a free copy of these materials and all other documents filed by the Company with the SEC at the website maintained by the SEC at www.sec.gov. Investors may also obtain, at no charge, any such documents filed with or furnished to the SEC by the Company under the “Investors” section of the Company’s website at www.skyai.co. INVESTORS AND SECURITY HOLDERS ARE ADVISED TO READ THESE DOCUMENTS IF AND WHEN THEY BECOME AVAILABLE, INCLUDING THE OFFER MATERIALS OF THE COMPANY AND ANY AMENDMENTS THERETO, AS WELL AS ANY OTHER DOCUMENTS RELATING TO THE OFFER THAT ARE FILED WITH THE SEC, CAREFULLY AND IN THEIR ENTIRETY PRIOR TO MAKING ANY DECISIONS WITH RESPECT TO WHETHER TO TENDER THEIR SHARES, CASH PRE-FUNDED WARRANTS, CRYPTOCURRENCY PRE-FUNDED WARRANTS AND STRATEGIC ADVISOR WARRANTS INTO THE OFFER BECAUSE THEY CONTAIN IMPORTANT INFORMATION, INCLUDING THE TERMS AND CONDITIONS OF THE OFFER.
About SkyAI
SkyAI, Inc. (Nasdaq: SKYA) is building a financial platform that will combine stablecoin rails on Solana with AI. For additional information, please visit www.skyai.co.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements in this release other than statements of historical fact are forward-looking statements, including statements regarding the Offer, including its timing, terms, funding and completion, the Company’s strategy and product roadmap and the potential opportunities such initiatives may create. Forward-looking statements are based on current expectations, assumptions, and beliefs, and involve risks and uncertainties that could cause actual results to differ materially.
Risks and uncertainties that could cause results to differ from expectations include: (i) uncertainties as to the timing and terms of the Offer; (ii) the risk that the Offer may not be completed in a timely manner or at all; (iii) uncertainties as to the percentage of the Company’s shareholders and/or warrant holders tendering their shares or warrants in the Offer; (iv) the possibility that any or all of the various conditions to the consummation of the Offer, including the minimum condition for each class, may not be satisfied or waived; (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the Offer; (vi) the effect of the announcement or pendency of the Offer on the Company’s ability to retain and hire key personnel, its ability to maintain relationships with its customers, suppliers and others with whom it does business, its operating results and business generally or the trading market for its common stock; (vii) risks related to the Offer diverting management’s attention from the Company’s ongoing business operations; (viii) the risk that shareholder litigation in connection with the Offer may result in significant costs of defense, indemnification and liability; (ix) the Company’s ability to achieve the benefits contemplated by the Offer; and (x) risks and uncertainties pertaining to the Company’s business, including the price of SOL, the Company’s ability to sell SOL at acceptable prices to fund the Offer and the risks and uncertainties detailed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and its other filings with the SEC, as well as the Offer Materials to be filed by the Company in connection with the Offer.
Forward-looking statements speak only as of the date of this press release. The Company undertakes no obligation to update or revise these statements, whether as a result of new information, future developments, or otherwise, except as required by law.
Contact
Media Contact
Edelman Smithfield
SkyAI@edelmansmithfield.com
Information Agent and Depositary Agent
MacKenzie Partners, Inc.
(800) 322-2885 or (212) 929-5500
tenderoffer@mackenziepartners.com
______________
1 mNAV is the Purchase Price of
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What securities does SkyAI's $3.00 tender offer cover?
SkyAI plans to purchase up to 95% of each class of outstanding common stock, cash pre-funded warrants, cryptocurrency pre-funded warrants and strategic advisor warrants. The purchase price is $3.00 per share or warrant in cash.
When does SkyAI's tender offer start and expire?
SkyAI plans to commence the offer on October 15, 2026, with expiration one minute after 11:59 p.m., New York City time, on October 29, 2026, unless extended or earlier terminated. The planned commencement accompanies filing its Schedule TO with the SEC after market close.
What price did SkyAI receive from its recent SOL sales?
SkyAI sold a combination of liquid and locked SOL over the last few days at an average price of $107.51 per SOL, net of fees. Sales were spread between BitGo, Anchorage and Coinbase.