PANews
PANews|10月 21, 2026 13:32
[SkyAI Major Shareholder Questions Board's Oversight, Demands Explanation for SOL Liquidation and Revision of Buyback Plan] According to Globenewswire, Bastion Trading, a major shareholder holding approximately 9.99% of SkyAI (NASDAQ: SKYA), issued a statement demanding that the company's Executive Chairman, Paul K. Danner III, and several board members publicly explain the decision-making process behind the liquidation of all SOL reserves and the approval of the cash tender offer. Bastion Trading is requesting that the tender offer price be raised from $3 per share to at least $3.5 per share and that the maximum acquisition ratio for pre-financing warrants be increased from 95% to 100%. Additionally, they are demanding that strategic advisor warrants be excluded from the acquisition scope, disclosure of securities and potential gains held by directors, executives, and related parties, as well as the publication of information regarding the SOL sale transaction, the company's balance sheet, and the basis for the tender pricing.
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