SkyAI sells half its SOL to fund $201M buyback and keep Forward out

3 outlets reporting

Your call?🐂 Bullish🐻 Bearish

$201M

share buyback

$SOL

$107.99

-3.5%

SkyAI plans to spend roughly $201 million buying back up to 95% of its shares and warrants at $3.00 each. The company plans to sell half of the Solana treasury it spent the past year building to fund the buyback. The move essentially…