SkyAI Sells Half Its SOL Treasury, Proposes $201M Buyback
SkyAI has sold half its SOL treasury and plans a $201 million cash buyback targeting 95% of eligible shares and warrants, according to The Defiant.
SkyAI has sold half of its SOL treasury and is planning a $201 million cash buyback, The Defiant reported.
The proposed offer would pay $3 per security and target 95% of eligible shares and warrants.
The offer is expected to require SOL’s closing price to stay above $100 throughout the offer period. That condition would tie the buyback to the token’s market performance.
Source: The Defiant
