Amended offer includes 100% of outstanding pre-funded warrants and adds stapled warrants at $0.17 per warrant Pre-funded warrant holders who tendered before the amendment must tender again Offer extended to November 12, 2026 NEW YORK , Nov. 02, 2026 (GLOBE NEWSWIRE) -- SkyAI, Inc. (Nasdaq: SKYA) (“SkyAI” or the “Company”) today announced amendments to its previously announced cash tender offer (the “Offer”), expanding the Offer to include 100% of the Company’s outstanding cash pre-funded warrants and cryptocurrency pre-funded warrants, as well as all outstanding cash stapled warrants and cryptocurrency stapled warrants. The Company has also extended the expiration of the Offer to one minute after 11:59 p.m. , New York City time, on November 12, 2026 , unless further extended or earlier terminated. As previously announced, on October 27, 2026 , Bastion Trading Limited and certain of its affiliates (together, “Bastion Trading”) entered into a tender support and settlement agreement (the “Agreement”) with the Company. Under the Agreement, Bastion Trading has agreed to tender all of its shares of common stock, pre-funded warrants and stapled warrants. “By expanding the tender offer, we are providing all holders of our pre-funded warrants and stapled warrants with an equal opportunity for liquidity on the same terms,” said Paul Danner , Executive Chairman of SkyAI. “These amendments serve the interests of our security holders and allow management to remain focused on building our agentic AI financial platform.” The Offer will expire at one minute after 11:59 p.m. , New York City time, on November 12, 2026 , unless further extended or earlier terminated. The Company reminds shareholders and warrant holders who wish to tender that brokers and other nominees may set earlier deadlines. Holders who have not tendered their shares yet should take action by contacting their broker or the Information agent. Holders who tendered their shares before the amendment do not need to take further action. Holders of pre-funded warrants who tendered before the amendment must tender again using the new documents. Holders who have not received a DocuSign, or who have questions about how to tender, should contact MacKenzie at (800) 322-2885 or (212) 929-5500, or by email at tenderoffer@mackenziepartners.com . The amended Offer to Purchase and the Letters of Transmittal are available at https://www.skyai.co/investors/tender-offer-materials . The Company’s answers to frequently asked questions are available at https://www.skyai.co/investors/tender-offer-faqs . The amended Offer to Purchase is available at https://www.sec.gov/Archives/edgar/data/1737995/000149315226049311/formsctoia.htm . Terms of the Amended Offer The Company is offering to purchase, in cash: up to 48,311,489 shares of common stock, or 95% of the class, at $3.00 per share; up to 5,137,615 cash pre-funded warrants and up to 10,463,001 cryptocurrency pre-funded warrants, or 100% of each class, at $3.00 per warrant less the $0.0001 exercise price; up to 41,054,034 cash stapled warrants and up to 22,159,638 cryptocurrency stapled warrants, or 100% of each class, at $0.17 per stapled warrant. The stapled warrants have an exercise price of $9.75 per share and; up to 3,955,293 strategic warrants, or 95% of the class, at $3.00 per warrant less the $0.0001 exercise price. If all securities sought are tendered, the Company will pay approximately $214.3 million . The Company will pay for the securities purchased, and the related fees and expenses, from cash on hand of approximately $223 million . In the weeks leading up to the commencement of the Offer, the Company sold approximately 2 million SOL at an average price net of fees of $107.20 per SOL. The Company no longer holds any SOL and after the Offer is closed the Company will not be repurchasing SOL. The Offer is not subject to a financing condition. The Company will announce the preliminary results of the Offer, including any expected proration, on the next business day after the Offer expires. The Company will pay for securities accepted in the Offer promptly after the Offer expires. Subject to applicable law, the Company does not intend to withhold U.S . federal income tax from payments made to Non- U.S . Holders in the Offer. Holders are urged to consult their own tax advisors about the tax consequences of the Offer. See Section 14 of the Offer to Purchase. How to Tender Shares held through a broker. Holders whose shares are held by a broker, dealer, commercial bank, trust company or other nominee should contact that nominee and instruct it to tender. The nominee may set a deadline earlier than the expiration of the Offer, so holders should contact their nominee as soon as possible. Shares registered with VStock. Holders whose shares are registered in their own name with VStock Transfer, LLC (“VStock”), the Company’s transfer agent, can tender by signing the first DocuSign sent by MacKenzie Partners, Inc. (“MacKenzie”), t