Investment
Features
FeesSafety
Academy
More
Pluang+

SkyAI launches $200M cash tender offer after rejecting Forward Industries' acquisition bid.

Market News
12 Oct 2026
Tokenpost
View Source
Neutral
SkyAI launches $200M cash tender offer after rejecting Forward Industries' acquisition bid.

SkyAI plans a $200 million cash tender offer to buy up to 95% of its shares and warrants at $3 each, starting October 15. This move follows SkyAI's rejection of Forward Industries' nonbinding acquisition proposal, which it deemed undervalued despite a 50% premium offer. SkyAI will fund the repurchase using cash and proceeds from selling its Solana holdings. The offer will remain open for 10 business days but may be extended or ended early by the company.

SkyAI's planned $200 million tender offer is the key development in this story. For readers following the broader cryptocurrency market, here is Pluang's market snapshot as of Oct 12, 2026 14:31 WIB: out of 50 major cryptocurrencies priced on Pluang, 40 rose and 9 fell today. Notable movers include SNX (Synthetix) with a 5.46% increase and 100% sell order activity, LINK (Chainlink) up 5.40% with 97% buy order activity, and ONE (Harmony) down 6.27% with a typical hold time of 152 days.

More News

ISS A/S continues share buyback, repurchasing shares worth over DKK 1.8 billion to reduce capital and support incentives.

ISS A/S continues share buyback, repurchasing shares worth over DKK 1.8 billion to reduce capital and support incentives.

ISS A/S is actively executing its share buyback programme announced in February 2026, aiming to redistribute excess cash to shareholders by reducing share capital and fulfilling share-based incentive obligations. The company has repurchased shares wo...

Company Fundamentals
Neutral
31 minutes ago
Investec Bank discloses share dealings in Gamma Communications on Oct 9, 2026.

Investec Bank discloses share dealings in Gamma Communications on Oct 9, 2026.

Investec Bank plc, acting as joint broker to Gamma Communications Plc, disclosed its share transactions on October 9, 2026. The bank purchased 150,000 ordinary shares at prices between 1092.5 and 1094, while selling 167,967 shares at prices between 1...

Market News
Neutral
39 minutes ago
Investec Bank discloses share dealings in SThree Plc on October 9, 2026, as joint broker.

Investec Bank discloses share dealings in SThree Plc on October 9, 2026, as joint broker.

Investec Bank Plc, acting as joint broker to SThree Plc, disclosed transactions involving the purchase and sale of 74,820 ordinary shares on October 9, 2026. The shares were traded at prices between 307.5 and 308.5 per unit. There were no derivative ...

Market News
Neutral
45 minutes ago
Investec Bank sells 2,386 shares of Gooch & Housego plc on October 9, 2026

Investec Bank sells 2,386 shares of Gooch & Housego plc on October 9, 2026

Investec Bank plc, acting as advisor and broker to Gooch & Housego plc, disclosed the sale of 2,386 ordinary shares at a price of 1,230 per share on October 9, 2026. There were no derivative transactions or other dealing arrangements reported. This t...

Market News
Neutral
47 minutes ago
FLSmidth repurchases 48,000 shares under its DKK 1 billion buy-back program in early October 2026.

FLSmidth repurchases 48,000 shares under its DKK 1 billion buy-back program in early October 2026.

FLSmidth & Co. A/S continued its share buy-back program initiated in May 2026, repurchasing 48,000 shares between October 5 and 8, 2026, at an average price ranging from DKK 548.31 to DKK 572.56 per share. The total value of shares bought back in thi...

Company Fundamentals
Neutral
1 hour ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App