SkyAI Extends $3.00 Tender Offer to November 12; Pre-Funded Warrant Holders Must Re-Tender
SKYA has more than doubled off its 52-week low of $0.91.
Summary
SkyAI pushed the expiration of its $3.00 cash tender offer to November 12, 2026 and told pre-funded warrant holders who already tendered to tender again; paying for everything sought would cost about $214.3 million against roughly $223 million of cash on hand.
Key Events · Financing and Capital Events · SKYA
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Tender Offer Extended to November 12
Amendment No. 5 extends the expiration to one minute after 11:59 p.m. New York City time on November 12, 2026, unless further extended or earlier terminated.
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Pre-Funded Warrant Holders Must Re-Tender
Tenders of pre-funded warrants made before the amendment are no longer valid; holders must use the second DocuSign or the new Letter of Transmittal. Common stock tenders made earlier stay in place.
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Pricing Unchanged at $3.00 and $0.17
Up to 48,311,489 shares and 3,955,293 strategic warrants at $3.00 (less $0.0001 for warrants), 100% of pre-funded warrants at $3.00 less $0.0001, and 100% of stapled warrants at $0.17.
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About $214.3M Payout Against $223M Cash
If all securities sought are tendered the company pays approximately $214.3 million, funded from roughly $223 million of cash on hand; the offer is not subject to a financing condition.
Analysis · SKYA · Crypto Assets
The economics of the buyback are not new: pricing remains $3.00 per share and per pre-funded/strategic warrant, and $0.17 per stapled warrant, unchanged from the October 28 amendment. What is new is the clock. The offer now runs to November 12, 2026, and anyone who already tendered pre-funded warrants must tender again with fresh documents, creating real execution risk of missed participation. If everything sought is tendered, the company pays about $214.3 million out of roughly $223 million of cash, so this is close to a full liquidation of the balance sheet into a buyback, leaving a thin reserve to fund the agentic AI platform. The company has also finished selling its Solana — about 2 million SOL at an average net $107.20 — and says it will not buy SOL back. The treasury story is over; what remains is an AI-platform story funded by whatever cash survives the offer.
How filings like this one have moved
In the 30 days to Nov 2, 2026, 32.7% of the 1910 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SKYA was trading at $2.93 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $149M. The 52-week trading range was $0.91 to $4.53. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.