SkyAI Plans $201 Million Self-Tender, Rejecting Forward Industries’ Takeover Bid

SkyAI, Inc. (Nasdaq: SKYA), a Solana digital-asset treasury, plans to launch a cash tender offer to buy back up to 95% of each class of its common stock and warrants at $3.00 per security, while its board has rejected an unsolicited takeover bid from Forward Industries , according to the company announcement . The tender has not yet commenced and may not proceed. The $3.00 price applies to up to 46.37 million common shares and 20.72 million cash pre-funded, cryptocurrency pre-funded and strategic-advisor warrants — 67.09 million securities in total.