Solana Treasury Firm SkyAI Plans $201M Share Buyback After SOL Sale

SkyAI plans to buy back as much as 95% of its outstanding shares and warrants for $3 each, using cash and proceeds from selling solana. The move comes after the company sold roughly half its SOL treasury and rejected an unsolicited stock-for-stock bid from Forward Industries. SkyAI offers a $3 cash exit for 95% of shares.