Nasdaq-listed SkyAI (SKYA) announced a takeover bid support and settlement agreement with its major shareholder, Bastion Trading Limited, and its affiliates. Bastion agreed to submit all of its common stock and related warrants for a cash tender offer and committed not to acquire any more of the company's securities or seek to influence the company's management for the next three years. SkyAI increased the maximum acquisition percentage of the pre-financing warrants from 95% to 100%, and also included attached warrants in the acquisition, while the terms for the acquisition of common stock and strategic warrants remain unchanged. If all target securities are acquired, the total expenditure is expected to be approximately $214.3 million, and the offer deadline has been extended to November 12. SkyAI also disclosed that it had sold approximately 2 million SOL tokens in the previous weeks at an average price of $107.20 per token after fees, and has now cleared all its SOL holdings, holding approximately $223 million in cash. It stated that it will not repurchase SOL after the tender offer is completed. https://(wublock123.com)/news/skyai-reaches-acquisition-support-agreement-with-major-shareholders-clearing-approximately-2-million-sols-70820