Bastion Trading Limited Reaches Agreement with SkyAI for Amendments to Tender Offer and Announces That It Will Tender All of Its SkyAI Securities
Globe Newswire•27/10/2026•16:30 ET
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Key Highlights
- ➤SkyAI amends tender offer to cover 100% of outstanding pre-funded warrants
- ➤SkyAI extends tender offer to include all stapled warrants
- ➤Bastion Trading to tender 4,649,745 shares and all held warrants
- ➤Offer provides pre-funded and stapled warrant liquidity at combined 1x mNAV
Expert Statements
Ningxiang Zhang, Chief Executive Officer of Bastion Trading
“We appreciate the constructive engagement with SkyAI’s Board and management. We are pleased that the Company has agreed to meaningful amendments to the Offer, which we believe represents a fair and balanced outcome. This agreement gives Bastion Trading a clear and orderly exit, and we support the Company’s decision to extend the Offer to all pre-funded warrants and the stapled warrants at a combined 1x mNAV.”
Paul Danner, Executive Chairman of SkyAI
“The Company is pleased to reach an agreement with Bastion Trading which is extended to all shareholders and warrantholders equally”
Paul Danner, Executive Chairman of SkyAI
“By expanding the Offer, we are providing all holders of our pre-funded warrants and stapled warrants with equal terms for liquidity in a timely fashion.”
Bastion Trading to Tender All of Its Shares, Pre-Funded Warrants and Stapled Warrants into SkyAI’s Amended Cash Tender Offer
Bastion Trading Supports SkyAI’s Extension of the Offer to All Pre-Funded Warrants and Stapled Warrants
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