Bastion Challenges SkyAI’s $3 Tender, Seeks Details on Solana Sale
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Bastion Trading is opposing SkyAI’s planned tender offer, seeking a higher price, board changes and more disclosure after roughly 70% of its solana treasury was sold.
Bastion Trading, which holds approximately 9.99% of SkyAI, has objected to the company’s proposed tender offer at $3 per share.
The investor is also questioning SkyAI’s disposal of about 70% of its solana treasury and is calling for additional disclosure.
Bastion wants changes to the board and a tender price of at least $3.50 per share before it agrees to participate in the offer.
Source: Bitcoin.com News
