SkyAI Exits Solana Treasury and Launches $201 Million Tender Offer
Edited by Steinar Vigdel Kolnes, Editor, Oslo
SkyAI sold all its treasury SOL and launched a $201 million tender offer, keeping a $3 share price despite a challenge from Bastion Trading.
SkyAI has liquidated its entire Solana treasury and launched a $201 million tender offer, according to The Defiant.
The company reported cash holdings of $223.8 million. It also removed a condition tying the offer to the price of SOL.
The tender price remains $3 per share, a level challenged by Bastion Trading. The removal of the SOL-price condition leaves that disputed price unchanged.
Source: The Defiant
