Bastion Opposes SkyAI Tender After 70% of Solana Treasury Sold
Bastion Trading, which owns about 9.99% of SkyAI, is opposing the company’s planned $3-per-share tender offer and questioning the sale of roughly 70% of its solana treasury. The investor wants more disclosure, board changes, and a higher tender price of at least $3.50 before it will participate. SkyAI’s $3 Tender Draws Pushback SkyAI’s plan to […]
Bastion Trading, holding roughly 9.99% of SkyAI, is opposing the company's planned $3-per-share tender offer and questioning the sale of about 70% of its Solana treasury. Bastion is demanding more disclosure, board changes, and a minimum tender price of $3.50 before participating. The dispute signals governance and treasury-management risk at a Solana-focused firm, which could weigh on sentiment toward SOL-linked corporate vehicles.
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1H AGOYou’re reading thisBastion Opposes SkyAI Tender After 70% of Solana Treasury SoldBitcoin.com News · Score 45
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14 OCT · 18:25The Block · Score 55 · via SkyAI, 70%
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14 OCT · 14:24Crypto Briefing · Score 25 · via Bastion, tender
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14 OCT · 13:59The Defiant · Score 25 · via Tender, SkyAI
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14 OCT · 02:20CryptoSlate · Score 55 · via SkyAI, tender
