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

SkyAI plans to conduct a tender offer of up to $201 million to purchase up to 46.37 million shares and various warrants at a price of $3.00 per share, which represents a 65% premium over its closing share price on October 9, 2026, and over 100% premium to the 60-day volume-weighted average price. Additionally, the company's Board has rejected an unsolicited proposal from Forward Industries, citing that it undervalues SkyAI and is not in the best interests of shareholders.