According to CoinMeta, Solana treasury company SkyAI ( NASDAQ : SKYA ) announced a plan to launch a tender offer at $3 in cash per share/pre-financing warrant to acquire up to 95% of the outstanding common shares and related warrants, with a total maximum acquisition amount of approximately $201 million. The company expects to use existing cash and funds from the sale of its holdings of SOL to pay for the acquisition and plans to initiate the tender offer around October 15th. Meanwhile, the board of directors of SkyAI rejected the non-binding all-stock acquisition proposal put forward by Forward Industries, which proposed to exchange each share of SkyAI for 0.306 shares of FWDI. The board believes that this proposal undervalues the company's value.