SkyAI: intends cash tender offer at $3.00 per share

What happened

• On Oct 11, 2026, SkyAI, Inc. announced its current intention to commence a cash tender offer (the "Offer") 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 at a purchase price of $3.00 per share in cash.
• The Offer is currently expected to commence on or about Oct 15, 2026 and to continue for 10 business days, unless extended or earlier terminated.

Key details

• The Offer will be contingent on at least 50% of each class being validly tendered and not validly withdrawn and on the price of SOL remaining above $100 per SOL during the Offer period.
• As of the date of the report, SkyAI retains approximately 600,000 SOL and has approximately 80% of the cash required for the Offer.
• The Offer has not yet commenced and may not commence; any solicitation will be made pursuant to a tender offer statement on Schedule TO.

Why it may matter

• Item reported: Item 8.01 (Other events), which covers other material events the company reports to the market, here SkyAI’s announced current intention to commence a tender offer and the conditions and timing disclosed in the filing.
• The filing does not show why the company acted.