Recent Updates — STSSW

SkyAI, Inc. entered into a support agreement with major shareholder Bastion Trading Limited to amend its ongoing cash tender offer. The Company will now purchase up to 100% of outstanding cash and cryptocurrency pre-funded warrants at $3.00 each, and add cash and cryptocurrency stapled warrants at $0.17 each. Total consideration is approximately $214.3 million, funded by existing cash reserves. Bastion agreed to tender all its holdings and entered a three-year standstill. SkyAI operates in the artificial intelligence sector, building an agentic finance platform.

SkyAI, Inc. commenced its previously announced cash tender offer on October 16, 2026, to purchase up to 95% of each class of outstanding common stock, cash pre-funded warrants, cryptocurrency pre-funded warrants, and strategic advisor warrants at a price of $3.00 per share or warrant. The company holds approximately $223.8 million in cash to fund the transaction, which is not subject to financing conditions. If fully subscribed, the aggregate purchase price will be approximately $201.3 million. The offer expires on October 29, 2026, and requires minimum tender conditions of 50% for each security class. SkyAI, Inc. builds a financial platform combining stablecoin rails on Solana with AI.

SkyAI, Inc. announced it will commence a cash tender offer on October 15, 2026, purchasing up to 95% of its outstanding common stock and warrants at $3.00 per share or warrant. The offer expires on October 29, 2026, and is funded by approximately $204.6 million in cash and the sale of locked SOL holdings. SkyAI operates a financial platform combining stablecoin rails on Solana with artificial intelligence.

SkyAI announced its intention to commence a cash tender offer to purchase up to 95% of each class of its outstanding common stock and warrants at $3.00 per share in cash. The maximum aggregate purchase price is approximately $201 million, contingent on validly tendering at least 50% of each class and the price of SOL remaining above $100 during the offer period. The company expects to commence the offer around October 15, 2026, for a duration of 10 business days. Additionally, SkyAI's board rejected an unsolicited acquisition proposal from Forward Industries as undervaluing the company. SkyAI is a Solana digital asset treasury building a financial platform combining stablecoin rails with AI.

SkyAI, Inc. announced that its Board of Directors and a special committee of independent directors unanimously concluded that an unsolicited, non-binding proposal from Forward Industries, Inc. for a potential all-stock business combination was not in the best interests of the company's shareholders. SkyAI, Inc. is an artificial intelligence technology company.