SkyAI Exits Solana Treasury, Plans $201M Share and Warrant Buyback
Edited by Steinar Vigdel Kolnes, Editor, Oslo
SkyAI has sold its entire Solana treasury and launched a $201 million offer to repurchase shares and warrants, Cointelegraph reported.
SkyAI has liquidated all of its SOL holdings, exiting its Solana treasury position, according to Cointelegraph.
The company, which previously made medical devices, is offering to buy back shares and warrants in a program valued at $201 million.
SkyAI plans to fund the repurchases from its $223.8 million in cash holdings. The offer follows the company's move out of its Solana holdings.
Source: Cointelegraph
