SkyAI Commences Cash Tender Offer to Purchase Up to 67.1 Million Shares and Warrants
NEW YORK, Oct. 19, 2026 (GLOBE NEWSWIRE) -- SkyAI, Inc. (Nasdaq: SKYA) (“SkyAI” or the “Company”) commenced on October 16, 2026 its previously announced cash tender offer (the “Offer”) to purchase up to 95% of each class of its outstanding common stock, cash pre-funded warrants, cryptocurrency pre-funded warrants and strategic warrants at a purchase price of $3.00 per share or warrant in cash. Based on our cash holdings as of October 16, 2026, the purchase price represents an approximately 0.95x multiple of our net asset value (“mNAV”). 1