SkyAI On October 16 Began Its Previously Announced Cash Tender Offer For Up To 95% Of Each Class Of Its Outstanding Stock, Cash Pre-Funded Warrants, Crypto Pre-Funded Warrants And Strategic Warrants At $3.00/Share Or Warrant In Cash

Based on our cash holdings as of October 16, 2026, the purchase price represents an approximately 0.95x multiple of our net asset value ("mNAV").1

The Offer will expire at one minute after 11:59 p.m., New York City time, on October 29, 2026, unless extended or earlier terminated. The Offer is subject to the conditions described in the Offer to Purchase, including the minimum condition for each class.

Holders of cash pre-funded warrants, cryptocurrency pre-funded warrants and strategic warrants who wish to participate in the Offer do not need to exercise their warrants into common stock first. They may tender their warrants directly into the Offer at a purchase price of $3.00 per warrant, under the procedures set forth in the Offer to Purchase, dated October 16, 2026, the related Letter of Transmittal for their respective class and the other tender offer materials (the "Offer Materials") that the Company has filed with the U.S. Securities and Exchange Commission (the "SEC") as exhibits to its Schedule TO. The Offer Materials contain important information about the terms and conditions of the Offer.