Bastion Seeks $3.50 SkyAI Tender Price and Board Changes
Bastion says it will not take part in SkyAI’s tender offer under the current terms, calling for a $3.50 price and a board overhaul.
Bastion is seeking a $3.50 tender price and an overhaul of SkyAI’s board, according to The Defiant. The shareholder says it will not participate in the offer as currently structured.
SkyAI’s latest filing lists remaining holdings of 600,000 SOL. It also indicates that cash covers roughly 80% of the proposed offer.
Bastion’s position puts both the offer’s pricing and SkyAI’s governance in dispute. The supplied report does not indicate whether SkyAI will revise the terms or make board changes.
Source: The Defiant
