Reported Sunday, SkyAI Plans Up To $201M Tender For Stock And Warrants At $3.00 Per Share, 46.37M Shares; Board Declines Forward Industries Proposal
Benzinga Newsdesk 2 weeks ago
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SkyAI intends to purchase up to 95% of each class of its outstanding common stock, cash pre-funded warrants, cryptocurrency pre-funded warrants and strategic advisor warrantsPurchase price represents a 65% premium above
- SkyAI intends to purchase up to 95% of each class of its outstanding common stock, cash pre-funded warrants, cryptocurrency pre-funded warrants and strategic advisor warrants
- Purchase price represents a 65% premium above SkyAI’s closing share price on October 9, 2026, and an over 100% premium to the 60-day volume-weighted average price
- The Board rejects Forward Industries’ latest unsolicited proposal after determining it undervalues SkyAI and is not in the best interests of shareholders