SkyAI announced a cash tender offer of up to $201 million to acquire as much as 95% of its outstanding common shares and warrants at $3 per share. The offer covers about 46.4 million common shares and 20.7 million warrants and will be funded by existing cash and proceeds from selling Solana assets. The tender offer is expected to start on October 15 and last for 10 business days, though the timeline may change if extended or ended early. SkyAI's board rejected a competing acquisition proposal from Forward Industries, citing that the proposed exchange undervalued the company.
SkyAI's $201 million tender offer is the subject, with Pluang market data as of Oct 12, 2026 14:31 WIB for context. Of 50 major cryptocurrencies priced on Pluang, 40 rose and 9 fell today. Notable movers include XTZ (Tezos) at Rp5.789 with a 7.32% increase and 100% buy order activity, AVAX (Avalanche) at Rp196.797 up 6.84%, and ONE (Harmony) down 6.27% at Rp34.
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