SKYA on Nasdaq

SkyAI, Inc.

SkyAI, Inc. is an American finance services company based in Melville, incorporated in Nevada.1

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Last updated Oct 21, 2026.

Overview

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  • TickerSKYA on Nasdaq1
  • IndustryFinance Services1
  • HeadquartersMelville, New York1
  • Incorporated inNV2
  • Business address105 Maxess Road, Ste. 124, Melville, Ny 117472
  • Filer category, Emerging growth company2
  • Legal formCorporation

Principal Financial Officer, to oversee the implementation of our Treasury Policy (the “Treasury Oversight Committee”).4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-202.5%Gross margin5
-132145.5%Operating margin5
-138400.0%Net margin5
-106.9%Return on equity5

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue4¢$617.4K
  • Research and development1¢$198.8K
  • Selling, general and admin95¢$16.1M

Out of $204.1K in revenue.5 The company lost money this year.

Financial statements

Operating income6785-$269.7M in 2025+5897% since 2021
-$300.0M-$200.0M-$100.0M02021: -$4.5M-$4.5M20212022: -$8.7M-$8.7M2022+94%2023: -$10.1M-$10.1M2023+16%2024: -$5.6M-$5.6M2024−45%2025: -$269.7M-$269.7M2025+4745%
Net income6785-$282.5M in 2025+5957% since 2021
-$300.0M-$200.0M-$100.0M02021: -$4.7M-$4.7M20212022: -$4.6M-$4.6M2022−1%2023: -$9.8M-$9.8M2023+112%2024: -$9.3M-$9.3M2024−6%2025: -$282.5M-$282.5M2025+2939%

Every line of the income statement as filed: the last 2 fiscal years, latest first.5

Period ending2025-12-312024-12-31
Net Revenue$204.1K
Cost of goods sold$198.6K
Cost of goods sold - inventory reserve$418.9K
Total Cost of Goods Sold$617.4K
Gross Margin (Loss)-$413.3K
Staking Revenue, net$6.8M
Warrant issuance related party$101.3M
Consulting fees related parties$3.4M
Selling, general and administrative$16.1M$5.0M
Research and development$198.8K$531.2K
Unrealized loss on digital assets$153.0M
Realized loss on digital assets$1.3M
Digital asset transaction expenses$872.9K
Total Operating Expenses$276.1M$5.6M
Loss from Operations-$269.7M-$5.6M
Interest expense, net-$416.7K-$1.7M
Fair market value adjustment on warrants$4.8M$3.0M
Realized loss on derivatives-$5.0M
Other expense-$1.0M
Total Other Income (Expense)-$600.1K$342.3K
Net Loss Before Provision for Taxes-$270.3M-$5.2M
Net Loss from Continuing Operations-$270.3M-$5.2M
Loss from discontinued operations-$11.2M-$4.1M
Loss on disposal-$1.1M
Income tax benefit$132.0K$30.0K
Loss from Discontinued Operations-$12.2M-$4.1M
Net Loss-$282.5M-$9.3M
Net loss per share from Continuing Operations, basic-$11-$1.2K
Net loss per share from Continuing Operations, diluted-$11-$1.2K
Net loss per share from Discontinued Operations, basic-$0-$972
Net loss per share from Discontinued Operations, diluted-$0-$972
Net loss per share, basic-$11.16-$2,219.92
Net loss per share, diluted-$11.16-$2,219.92
Weighted average shares used to compute net loss per share, basic25.3M shares4.2K shares
Weighted average shares used to compute net loss per share, diluted25.3M shares4.2K shares

Compare SkyAI, Inc. with another company

Corporate structure

SkyAI, Inc. sits at the top of its group. 3 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of SkyAI, Inc.

  • SkyAI, Inc. Melville, New York
    • Sharps Acquisition Subsidiary · Nevada, United States
    • Sol Equity HK Limited Subsidiary · Hong Kong

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What SkyAI, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$290.7K5 Dec 31, 2025$2.7M5 Dec 31, 2024−89.1%
Accumulated depreciation$209.5K5 Dec 31, 2025$1.5M5 Dec 31, 2024−85.9%
Property and equipment, net$81.2K5 Dec 31, 2025$1.2M5 Dec 31, 2024−93.1%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$10.4M5 Dec 31, 2025$754.8K5 Dec 31, 2024+1275.6%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$32.5K5 Dec 31, 2024$52.5K8 Dec 31, 2023−38.1%

Inventory

ItemLatestA year beforeChange
Inventory, total$645.3K5 Dec 31, 2025$538.8K5 Dec 31, 2024+19.8%
Raw materials$326.1K8 Dec 31, 2024$254.5K8 Dec 31, 2023+28.1%
Work in process$81.1K8 Dec 31, 2024$170.5K8 Dec 31, 2023−52.4%
Finished goods$645.3K5 Dec 31, 2025$538.8K5 Dec 31, 2024+19.8%

Properties, in its own words

Description of Property

We lease office space, on a month-to-month basis, at 105 Maxess Road, Melville, New York 11747. Our monthly rent is $233.

Item 2 of the 10-K filed Mar 31, 2026.4

Leadership

Who has led SkyAI, Inc., and when. Pick a name to see everywhere that person has worked.

Chief financial officer

  1. Andrew R. Crescenzo2022–now

Chief operating officer

  1. Alan R. Blackman2022
2025
Board members and other officers (10)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Sharps Acquisition Nevada3
  • Sol Equity HK Limited Hong Kong3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Sharps Technology Inc.May 2, 2018 to May 15, 20262

Timeline

  1. Oct 15, 20268-K Other events22
  2. Oct 13, 20268-K Other events23
  3. Sep 24, 20268-K Shareholder vote24
  4. Jul 17, 20268-K Other events25
  5. Jun 1, 20268-K Bylaws or fiscal year changed; Other events26
  6. May 29, 20268-K Entered a material agreement; Executive or director change27
  7. Feb 23, 20268-K Entered a material agreement; Executive or director change28
  8. Jan 16, 20268-K Bylaws or fiscal year changed; Code of ethics changed; Other events29
  9. Jan 16, 20268-K Entered a material agreement; Other events30
  10. Dec 23, 20258-K Executive or director change31
  11. Oct 15, 20258-K Shareholder vote32
  12. Oct 9, 20258-K Entered a material agreement33

Calendar

Coming up

  1. Nov 13, 2026Reports results for the quarter ending Sep/202634

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

342 filings to the SEC since October 2021: 5 annual reports, 14 quarterly reports, 89 major events, 88 insider forms, 25 large holders, 1 private raises, 120 other. The latest 20:

  1. Oct 15, 2026SC TO-C EDGAR
  2. Oct 15, 20268-K EDGAR
  3. Oct 13, 2026SC TO-C EDGAR
  4. Oct 13, 20268-K EDGAR
  5. Oct 9, 20264 OWNERSHIP DOCUMENT EDGAR
  6. Oct 9, 20263 OWNERSHIP DOCUMENT EDGAR
  7. Sep 24, 20268-K EDGAR
  8. Sep 14, 2026DEFA14A EDGAR
  9. Sep 3, 2026SCHEDULE 13D EDGAR
  10. Aug 18, 2026DEF 14A EDGAR
  11. Aug 14, 2026SCHEDULE 13G/A EDGAR
  12. Aug 13, 2026SCHEDULE 13G/A EDGAR
  13. Aug 7, 202610-Q EDGAR
  14. Jul 17, 20268-K EDGAR
  15. Jun 3, 20263 EDGAR
  16. Jun 1, 20268-K EDGAR
  17. May 29, 20268-K EDGAR
  18. May 15, 2026SCHEDULE 13G/A EDGAR
  19. May 15, 2026SCHEDULE 13G/A EDGAR
  20. May 14, 202610-Q EDGAR

The 342 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

71 open-market trades by officers, directors and large owners since October 2021: 64 buys and 7 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jan 16, 2026Saba Capital Management, L.P.10% ownerSale12,182$2.37$28.9KForm 4
Jan 15, 2026Saba Capital Management, L.P.10% ownerSale25,000$2.30$57.5KForm 4
Jan 14, 2026Saba Capital Management, L.P.10% ownerSale77,688$2.25$174.8KForm 4
Jan 13, 2026Saba Capital Management, L.P.10% ownerSale29,777$2.19$65.2KForm 4
Jan 12, 2026Monarch Digital, Inc.10% ownerSale239,588$1.97$472.0KForm 4
Jan 9, 2026Monarch Digital, Inc.10% ownerSale529,732$1.93$1.0MForm 4
Aug 27, 2025Ruemler Timothy JamesDirectorSale20,000$16.74$334.8KForm 4
Aug 25, 2025Ruemler Timothy JamesDirectorBuy40,000$11.36$454.3KForm 4
Aug 22, 2025Christiansen Soren BoDirectorBuy80,000$6.41$512.8KForm 4
Aug 22, 2025Hayes Robert MichaelDirectorBuy100,000$6.41$641.0KForm 4
Aug 22, 2025DANNER PAUL KDirectorBuy400,000$6.41$2.6MForm 4
Aug 22, 2025Monroe Jason L.DirectorBuy80,000$6.41$512.8KForm 4
Aug 22, 2025Simpson Brenda BairdDirectorBuy20,000$6.41$128.2KForm 4
Aug 22, 2025Crescenzo Andrew R.Chief Financial OfficerBuy40,000$6.41$256.4KForm 4
Jul 15, 2025DANNER PAUL KDirectorBuy5$20.00$100Form 4
Mar 31, 2025Hayes Robert MichaelDirectorBuy125,000$0.03$3.8KForm 4
Feb 28, 2025Hayes Robert MichaelDirectorBuy175,000$0.04$7.0KForm 4
Dec 5, 2024Hayes Robert MichaelDirectorBuy1,700$2.06$3.5KForm 4
Dec 5, 2024Hayes Robert MichaelDirectorBuy1,700$2.06$3.5KForm 4
Dec 4, 2024Hayes Robert MichaelDirectorBuy3,300$1.99$6.6KForm 4

All 71 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Paul K. Danner68$250.1K$3.5M46
2025Yuwen (Alice) Zhang35$212.5K$3.0M46
2025Robert M. Hayes$1.6M$2.3M46
2025Andrew R. Crescenzo$259.9K$575.5K46
2024Robert M. Hayes$600.0K$624.7K46
2024Andrew R. Crescenzo$225.0K$251.9K46

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Aug 28, 2025Raised $410.9 million in a private offering of equity Form D: $1 billion offered in all Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 30. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Electric Capital Partners, LLC2,621,210$2.9M2.9%New
ParaFi Capital LP2,150,180$2.4M0.9%+1,000,180
Saba Capital Management, L.P.1,511,988$1.7M0.1%No change
Vanguard Capital Management LLC1,393,242$1.5M0.0%+226,249
Pantera Capital Partners LP1,150,000$1.3M1.3%No change
Arrington Capital Management, LLC1,043,076$1.2M1.3%No change
Scoggin Management LP1,000,000$1.1M0.3%No change
Citadel Advisors LLC989,153$1.1M0.0%+115,196
Geode Capital Management, LLC399,666$443.9K0.0%+58,295
Shay Capital LLC369,832$410.5K0.0%New
UBS Group AG309,738$343.8K0.0%+36,684
Vanguard Fiduciary Trust Co249,848$277.3K0.0%+85,365
BlackRock, Inc.226,566$251.5K0.0%+132,028
State Street Corp118,800$131.9K0.0%No change
Northern Trust Corp96,522$107.1K0.0%+35,830
Susquehanna International Group, Llp84,810$94.1K0.0%+44,486
Cannell & Spears LLC84,138$93.4K0.0%No change
Schonfeld Strategic Advisors LLC60,693$67.4K0.0%−7,181
XTX Topco Ltd49,738$55.2K0.0%+13,456
Vanguard Global Advisers, LLC15,766$17.5K0.0%No change
Two Sigma Securities, LLC15,646$17.4K0.0%New
Wolverine Asset Management LLC12,842$14.3K0.0%−161,062
Morgan Stanley8,649$9.6K0.0%No change
Group One Trading LLC700$7770.0%No change
Simplex Trading, LLC620$6880.0%+164

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How SkyAI, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSkyAI, Inc.1
  • CIK0001737995
  • Employer ID (EIN)82-37517284
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; a shell company4
  • Incorporated inNevada4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6199 Finance Services1
  • SEC reviewing officeOffice of Crypto Assets, Division of Corporation Finance1
  • Business address105 Maxess Road, Ste. 124, Melville, NY 117471
  • Phone(631) 574 -44361
  • Shares outstanding42,982,506 as of Aug 4, 202610
  • Public float$5.6M as of Jun 30, 20254
  • AuditorPKF O’Connor Davies, LLP, New York, New York PCAOB ID 127; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceMay 2, 20181
  • Filings347 in all: 8-K (87), 4 (74), CORRESP (17), 3 (15), 10-Q (14), UPLOAD (13), EFFECT (10), SCHEDULE 13G/A (10)1
    All 47 form types

    DEF 14A (8), S-1/A (8), PRE 14A (7), SCHEDULE 13G (7), DEFA14A (6), S-3 (5), 10-K (4), D (4), S-1 (4), S-3/A (4), 1-A/A (3), 424B3 (3), 424B4 (3), AW (3), SC 13G (3), 253G3 (2), 424B5 (2), 8-K/A (2), DEFR14A (2), DRS/A (2), DRSLTR (2), PRER14A (2), QUALIF (2), SC 13G/A (2), SC TO-C (2), SCHEDULE 13D (2), 1-A (1), 1-A POS (1), 1-A-W (1), 10-K/A (1), 4/A (1), 8-A12B (1), CERT (1), DRS (1), POS AM (1), S-1MEF (1), S-3MEF (1), S-8 (1), SCHEDULE 13D/A (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2026
    Quarterly report (10-Q) Aug 7, 2026
    Proxy statement (DEF 14A) Aug 18, 2026
    Latest 8-K (8-K) Oct 15, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, Par Value $0.0001STSSNasdaq
Common Stock Purchase WarrantsSTSSWNasdaq

From the cover page of the 10-K filed Mar 31, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks SkyAI, Inc. names in Item 1A of its 10-K filed Mar 31, 2026: 46 risks under these headings, as written.4

  • Risks Related to Our Technology, Business, and Industry
  • We are an early-stage company with a history of losses.
  • We have a limited operating history and we may not succeed.
  • We may not succeed in selling and distributing syringes.
  • We may encounter significant competition and may not be able to successfully compete.
  • We are subject to product liability risk.
  • Our business may be affected by changes in the health care regulatory environment.
  • We are dependent on our management; without whose services our business operations could cease.
  • We may not be able to raise capital as needed to develop our products or maintain our operations.
  • Risks Related to Ownership of Our Common Stock
  • The price of our Common Stock has been and may continue to be volatile and fluctuate substantially, which could result in substantial losses for purchasers of our Common Stock.
  • Our financial results and the market price of our Common Stock may be affected by the prices of SOL.
The other 36 risks
  • If securities analysts do not publish research or reports about our business or if they publish negative, or inaccurate, evaluations of our Common Stock, the price of our stock and trading volume could decline.
  • We have never paid common stock dividends and have no plans to pay dividends in the future, as a result our common stock may be less valuable because a return on an investor’s investment will only occur if our stock price appreciates.
  • Our shares will be subject to potential delisting if we do not maintain the listing requirements of the Nasdaq Capital Market.
  • We incur increased costs as a result of operating as a public company, and our management is required to devote substantial time to compliance with our public company responsibilities and corporate governance practices.
  • As a result of being a public company, we are obligated to develop and maintain proper and effective internal controls over financial reporting, and any failure to maintain the adequacy of these internal controls may adversely affect investor confidence in our company and, as a result, the value of our common stock.
  • A sale of a substantial number of shares of our common stock may cause the price of the common stock to decline.
  • Our stock price may be volatile, and the value of our common stock may decline.
  • We do not intend to pay dividends on our common stock for the foreseeable future.
  • Our articles of incorporation allow for our board to create new series of preferred stock without further approval by our stockholders, which could adversely affect the rights of the holders of our common stock.
  • Future securities issuances could result in significant dilution to our stockholders and impair the market price of our common stock.
  • We are an “emerging growth company,” and we cannot be certain if the reduced reporting and disclosure requirements applicable to emerging growth companies will make our common stock less attractive to investors.
  • Risks Related to Our Digital Asset Trading Strategy and Cryptocurrencies
  • The further development and acceptance of Solana and other cryptocurrency networks, which represent a relatively new and rapidly changing industry, are subject to a variety of factors that are difficult to evaluate. The slowing or stopping of the development or acceptance of Solana and other cryptocurrency networks may adversely affect an investment in us.
  • The digital asset trading platforms on which cryptocurrency trades are relatively new and largely unregulated or may not be complying with existing regulations.
  • We may be unable to successfully implement our digital asset treasury strategy with a focus on SOL.
  • Our shift towards a SOL-focused strategy requires substantial changes in our day-to-day operations and exposes us to significant operational risks.
  • Our concentration in a single digital asset exposes us to unique liquidity risks that may prevent us from converting SOL into fiat currency or other assets when desired, particularly during periods of market stress.
  • A disruption of the Internet may affect the operation of the cryptocurrency networks, which may adversely affect the cryptocurrency industry and an investment in us.
  • Blockchain technologies are based on theoretical conjectures as to the impossibility of solving certain cryptographical puzzles quickly. These premises may be incorrect or may become incorrect due to technological advances.
  • Technical shortcomings or defects in the Solana network, including changes to its validator structure, governance model, or core software, could diminish the utility and value of SOL and harm our business.
  • If validators exit the Solana network, it could increase the likelihood of a malicious actor obtaining control.
  • We face risks relating to the potential compromise of the Solana network and other cryptocurrencies’ network security by emerging technologies, including artificial intelligence and quantum computing, which may materially and adversely impact our operations and financial condition.
  • The trading prices of many digital assets, including SOL, have experienced extreme volatility in recent periods and may continue to do so. Extreme volatility in the future, including further declines in the trading prices of SOL, could have a material adverse effect on the value of the Common Stock.
  • Our management may invest or otherwise use the proceeds of any offering by us in ways with which you may not agree or in ways that may not yield a return.
  • If we lose key personnel, including our Chief Investment Officer, Consultant and Strategic Advisor, or if we fail to recruit additional highly skilled personnel, our ability to operate and manage our digital asset treasury strategy will be impaired.
  • Conflicts of interest may arise with our Consultant and Strategic Advisor that may adversely affect our operations.
  • If we are unable to raise additional capital on acceptable terms, our ability to implement and sustain our Treasury Policy may be compromised.
  • Our SOL holdings are less liquid than our existing cash and cash equivalents and may not be able to serve as a source of liquidity for us to the same extent as cash and cash equivalents.
  • Our Staking Program involves a temporary loss of Transferability of Staked SOL during the “deactivation” or Cooldown Period.
  • We may be subject to regulatory developments related to crypto assets and crypto asset markets, which could adversely affect our business, financial condition, and results of operations.
  • Future tax legislation or regulatory guidance regarding digital assets, including the treatment of staking rewards, could materially affect our financial condition and results of operations.
  • Regulatory change reclassifying SOL as a security could lead to our falling within the definition of “investment company” under the Investment Company Act of 1940, as amended (the “1940 Act”), and could adversely affect the market price of SOL and the market price of our Common Stock.
  • We are not subject to legal and regulatory obligations that apply to investment companies such as mutual funds and exchange-traded funds, or to obligations applicable to investment advisers.
  • Our classification as a digital asset treasury company may affect our eligibility for inclusion in stock indices and exchange-traded funds, which could adversely affect the trading price and liquidity of our Common Stock.
  • We rely on third-party custodians, trading platforms, and other counterparties to acquire, secure, stake, and dispose of SOL. Any failure or malfeasance by these counterparties could result in total or partial loss of our digital assets.
  • If we or our third-party service providers experience a security breach or cyberattack and unauthorized parties obtain access to our SOL, or if our private keys are lost or destroyed, or other similar circumstances or events occur, we may lose some or all of our SOL and our financial condition and results of operations could be materially adversely affected.
  • We face other risks related to our SOL treasury reserve business model.
  • Risks Related to Our Use of Derivatives on SOL

Legal proceedings

On October 6, 2025, the Company entered into a confidential settlement agreement and release (the “Settlement Agreement”) with Barry Berler, Plastomold Industries Ltd (“Plastomold”), Plasto Design Solutions (“PDS”), Plasto Design Ltd. (“Plasto Design,” and together with Plastomold and PDS as the “Plasto”) and Plasto Technology Group LLC (“Plasto Technology”), whereby the Company, Mr. Berler, Plasto and Plasto Technology dismissed unconditionally and irrevocably release and discharge each other and their respective representatives from and against any and all claims alleged in the Litigation (the “Settlement”). The Settlement Agreement also provides that neither party’s entry into the Settlement Agreement shall be deemed an admission of fault, responsibility, or liability for any claim alleged in the Litigation. Pursuant to the Settlement Agreement, the Company entered into definitive agreements, including a bill of sale, assignment and assumption agreement providing for the transfer by the Company to Plasto Technology of certain assets, and a contract for the transfer of business share providing for the assignment by the Company to Plasto Technology of all of the Company’s right, title and interest in and to the issued and outstanding shares of Safegard Medical Kft, our Hungarian subsidiary. In addition, the Company executed agreements for the transfer of certain patents and registered trademarks, along with the related goodwill associated therewith.

The opening of Item 3, Legal Proceedings.4

Sources

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