Crypto-Focused Asset Holding Company Surges 38% on Capital Return Plan
A company offering to buy back nearly all of its own shares in cash, while turning down an all-stock takeover bid, sent a Nasdaq crypto-treasury name sharply higher Monday. The stock still trades below the offer price, a gap that shows how much the market is discounting the conditions attached to it. SkyAI, Inc. (NASDAQ: SKYA), a Solana digital asset treasury company building an AI-driven financial platform, surged after announcing it intends to launch a cash tender offer at US$3.00 per share for up to 95% of each class of its common stock and warrants. That covers up to 46.37M common ...