SkyAI Dumps Its Entire Solana Treasury to Fund a $201 Million Stock Buyback

SkyAI, formerly Sharps Technology, sold its entire Solana treasury and launched a tender offer to buy back up to $201.3 million in shares and warrants at $3 each. The company held about $223.8 million in cash as of Oct. 16. Bastion Trading, which owns nearly 10% of SkyAI, wants an independent review.