SkyAI exits Solana treasury strategy to fund $201M buyback – Here’s why

SkyAI has moved out of a digital treasury position in SOL and started a cash tender offer to repurchase common stock and warrants at $3.00 each, with $223.1 million in cash on hand. A cash tender offer is an offer to purchase securities from holders for cash. Common stock is a type of equity ownership in a company, while warrants are securities that give holders the right to buy stock later.