SkyAI Enters into Tender Support and Settlement Agreement with Bastion Trading Limited; Extends Cash Tender Offer to All Pre-Funded Warrants and Includes All Stapled Warrants
Globe Newswire•27/10/2026•16:00 ET
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Key Highlights
- ➤Bastion agrees to tender all SkyAI shares and warrants under the amended offer
- ➤SkyAI expands pre-funded warrant purchases to 100% of each class outstanding
- ➤SkyAI adds cash and cryptocurrency stapled warrants at $0.17 each
- ➤Amended offer could require approximately $214.3 million if all securities tender
- ➤Offer expiration extends to one minute after 11:59 p.m. November 12, 2026
Expert Statements
Paul Danner, Executive Chairman of SkyAI
“We are pleased to have reached a constructive agreement with Bastion that provides a clear path forward for all parties.”
Paul Danner, Executive Chairman of SkyAI
“By expanding the Offer, we are ensuring that all holders of our pre-funded warrants and stapled warrants have the same opportunity to receive cash for their securities on equal terms, while facilitating a timely and orderly process.”
Bastion, a Major Stockholder of SkyAI, Agrees to Tender All of Its Shares and Warrants and Enters Into Support Agreement
Increases Number of Pre-Funded Warrants Purchased to 100% of Each Class Outstanding
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