SkyAI Announces Intention to Commence Cash Tender Offer to Purchase Common Stock and Pre-funded Warrants at $3.00 Per Share/Pre-funded Warrant

SkyAI announced a cash tender offer to purchase up to 95% of its outstanding common stock and warrants at $3.00 per share, representing a 65% premium to the October 9, 2026 closing price. The offer is expected to commence around October 15, 2026 for 10 business days and is contingent on minimum 50% tender rates and SOL remaining above $100. The company's Board also rejected Forward Industries' latest unsolicited acquisition proposal, determining it undervalues SkyAI.