The company removed a previous condition that required the price of Solana to meet a certain threshold for the buyback to proceed. However, SkyAI has maintained the $3 purchase price for shares and warrants, a valuation currently being challenged by Bastion Trading.
Tuesday, October 20, 2026
Story
SkyAI Sells All Solana to Fund $201.3M Share Buyback
Business1 day ago
The company formerly known as Sharps Technology divested more than 2 million Solana tokens by October 16 to replenish its treasury. SkyAI now holds $223.8 million in cash and has initiated a tender offer to buy back up to $201.3 million of its own shares or warrants at a price of $3 per unit.
Looking for more context or analysis?
Tilt chat provides reliable, tailored insights, alerts, and automations.