SkyAI plans to launch a $201 million tender offer and has rejected Forward Industries' acquisition proposal.

Solana-based treasury firm SkyAI (SKYA) announced plans to launch a cash tender offer to acquire up to 95% of its outstanding common shares and warrants at $3 per share. The offer covers up to approximately 46.4 million common shares and 20.7 million warrants, with a maximum total acquisition value of around $201 million. The company expects to fund the acquisition using its existing cash and proceeds from the sale of its Solana assets. SkyAI stated that the tender offer is scheduled to launch o

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