04:00 AM EDT, 05/15/2026 (MT Newswires) -- Sandisk (SNDK) is advising shareholders to reject an unsolicited mini-tender offer from Tutanota to purchase up to 100,000 shares of the company's common stock at $1,150 per share, the company said Thursday.

Sandisk said the offer accounts for less than 0.07% of outstanding shares and is conditional on the stock trading above $1,150 at expiration, which could result in investors receiving a below-market price if the condition is waived by the bidder.

Tutanota may extend the offer in 45 to 180 day increments, potentially delaying payment, with the current expiration set for May 20, Sandisk said.