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SkyAI to acquire up to 95% of its own shares

RECENTLY ACQUIREDOct 12, 2026

Acquiring Company

SkyAI

Acquired Company

SkyAI

Madhya PradeshMadhya PradeshFinancial ServicesBlockchainCryptocurrencyFinancial ServicesBlockchainCryptocurrency

Description

SkyAI announced plans for a cash tender offer to acquire up to 95% of its common stock at $3 per share. The offer is aimed at repurchasing approximately 46.37 million shares and is expected to launch around October 15. Existing cash and proceeds from the sale of Solana assets will fund the offer. The board rejected a non-binding acquisition proposal from Forward Industries, asserting it undervalues the company.

Company Information

Company

SkyAI

Location

Madhya Pradesh, India

About

SkyAI is the treasury company of Solana. It focuses on managing assets primarily associated with the Solana blockchain. The company aims to optimize shareholder value through strategic financial maneuvers. SkyAI is in the process of a cash tender offer for its common stock.

Fundz sees it the moment SkyAI makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Frequently asked

Who acquired SkyAI?

SkyAI was acquired by SkyAI, based in Madhya Pradesh. The deal was reported on October 12, 2026. SkyAI is the treasury company of Solana. It focuses on managing assets primarily associated with the Solana blockchain. The company aims to optimize shareholder value through strategic financial maneuvers. SkyAI is privately held and operates in Financial Services.

When did SkyAI acquire SkyAI?

SkyAI's acquisition of SkyAI was reported on October 12, 2026. SkyAI announced plans for a cash tender offer to acquire up to 95% of its common stock at $3 per share. The offer is aimed at repurchasing approximately 46.37 million shares and is expected to launch around October 15. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does SkyAI do?

SkyAI is the treasury company of Solana. It focuses on managing assets primarily associated with the Solana blockchain. The company aims to optimize shareholder value through strategic financial maneuvers. It is privately held, operating in Financial Services, and is based in Madhya Pradesh.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.