Bastion Trading Calls on SkyAI Chairman and Directors to Demonstrate Accountability and to Provide a Better Tender Offer for All Stockholders and Pre-Funded Warrant Holders
Globe Newswire•21/10/2026•08:00 ET
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Key Highlights
- ➤Bastion Trading owns approximately 9.99% of SkyAI’s outstanding common stock
- ➤SkyAI liquidated its entire SOL treasury after recently reaffirming its Solana DAT strategy
- ➤Bastion demands tender price increase from $3.00 to at least $3.50 per share
- ➤Bastion seeks 100% tender eligibility for each pre-funded warrant class
- ➤Strategic advisor warrants could receive approximately $11.9 million in tender proceeds
Expert Statements
Paul K. Danner III, Executive Chairman of SkyAI
“The Company’s Tender Offer states that its Board unanimously approved the Tender Offer and determined that it was in stockholders’ best interests.”
Demands Executive Chairman Danner and Directors Christiansen, Ruemler and Monroe Explain Their Roles in Approving the Complete SOL Liquidation and Tender Offer
Calls for Voluntary Resignations or Special Stockholder Meeting if Directors Cannot Demonstrate Meaningful Accountability
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