SkyAI sells all Solana holdings to fund share and warrant buyback

Wall Street Turkish - International (English) · Oct 21, 2026 · 1m

SkyAI has sold all of its Solana holdings to fund a share and warrant buyback. As of October 16, the firm reported holding around 223.8 million dollars in cash. It is offering three dollars per share or warrant to buy back 95 percent of outstanding shares. If the buyback is fully subscribed, SkyAI would have approximately 22.5 million dollars left before costs. The company, formerly known as Sharps Technology, said it plans to stay listed on Nasdaq after the buyback is complete.

The sale comes after a significant drop in SkyAI’s Solana holdings. The firm said it held more than two million SOL…