SkyAI Expects To Purchase 47M Shares At $3/Share; Aggregate Purchase Price Expected To Be $209M Excluding Fees And Expenses

SkyAI, Inc. (NASDAQ:SKYA) ("SkyAI" or the "Company") today announced the preliminary results of its previously announced cash tender offer (the "Offer") to purchase shares of its common stock and certain outstanding warrants. The Offer expired at one minute after 11:59 p.m., New York City time, on November 12, 2026.

Based on the preliminary count by MacKenzie Partners, Inc., the depositary and information agent for the Offer (the "Depositary") and in accordance with the terms and conditions of the Offer, SkyAI expects to purchase the following securities validly tendered and not validly withdrawn prior to the expiration of the Offer:

• Common stock: Approximately 47.0 million shares at $3.00 per share.
• Pre-funded warrants: Approximately 5.1 million cash pre-funded warrants and 10.5 million cryptocurrency pre-funded warrants at $3.00 per warrant less the $0.0001 exercise price.
• Strategic warrants: Approximately 3.9 million strategic warrants at $3.00 per warrant less the $0.0001 exercise price.
• Stapled warrants: Approximately 34.5 million cash stapled warrants and 21.5 million cryptocurrency stapled warrants at $0.17 per warrant.
   
• The aggregate purchase price is expected to be approximately $209 million, excluding fees and expenses related to the Offer.