Sky Network underwent a comprehensive business realignment in early 2026, focusing on acquiring digital assets within open digital financial networks.
Completed a private placement of pre-funded warrants exchanging for shares of common stock and digital assets worth millions.
Strategy involves acquiring and holding digital assets like SKY for long-term participation in protocol-level economics.
Strategic Business Realignment
Shifted focus from wound care to acquiring digital assets in open financial networks.
Private Placement Details
Raised $25,000,000 in cash and $109,031,380.86 million in SKY tokens and stablecoins.
Capital Allocation Strategy
Focus on acquiring and holding digital assets with revenue-generating characteristics, starting with SKY.
- The company aims to hold digital assets like SKY for extended periods to benefit from protocol-level economics and potential appreciation.
- Plans to monetize holdings periodically for corporate purposes and explore liquidity opportunities.
- Investing in capabilities and relationships for transacting and safeguarding digital assets.
Sky Network is strategically positioned to capitalize on the growth potential of digital assets like SKY, aligning with its new business direction and capital allocation strategy.