SkyAI sold its entire SOL digital treasury asset. With $223.1 million in cash on hand, the company launched a tender offer to repurchase common stock and warrants at $3.00 per share. This offer covers 95% of each class of outstanding securities and represents a 0.95x multiple of net asset value. The SOL digital asset treasury strategy, launched in August 2025 after raising over $400 million, was abandoned due to approximately $153 million in unrealized losses on a cost basis of roughly $194 per token. The company also rejected a takeover proposal from Forward Industries.
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