October 13th 2026, 5:30 AM
SkyAI Plans $201M SOL Share Buyback Amid Bear Market
Key Summary
SkyAI, a treasury firm, plans a $201 million share buyback of Solana (SOL) tokens following the sale of its SOL holdings. This move comes as the company seeks to reduce its exposure to the bear market and maintain its financial stability. The buyback is part of SkyAI's efforts to mitigate potential losses and ensure its long-term sustainability.
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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 $3 Cash Exit for 95% of Shares […]
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