Bastion Trading Demands SkyAI Improve Tender Offer, Questions 70% Disposal of SOL Holdings and Calls for Board Reconstitution

According to Bastion Trading, Solana treasury company SkyAI sold approximately 70% of its SOL holdings in less than a month, leaving around 600,000 SOL, without adequately disclosing the timing, prices or approval process. Bastion and its affiliates, which hold approximately 9.99% of SkyAI, are calling for full disclosure of the sales, a board overhaul and an increase in the proposed cash tender offer price from $3.00 to at least $3.50 per share or eligible warrant, while excluding management and related parties from participating. — link