Bastion Trading Opposes SkyAI Tender Offer, Demands Disclosure on Solana Sales

Key Facts

1Bastion Trading, owner of 9.99% of SkyAI's common stock, expressed opposition to the company's proposed cash tender offer.

2Bastion demanded full disclosure regarding SkyAI's disposal of approximately 70% of its Solana (SOL) holdings.

3The shareholder group called for a reconstitution of SkyAI's board and the appointment of independent oversight.

Bastion Trading, owner of 9.99% of SkyAI's common stock, expressed opposition to the company's proposed cash tender offer. According to GlobeNewswire, the shareholder group demanded full disclosure regarding SkyAI's disposal of approximately 70% of its Solana (SOL) holdings and called for a reconstitution of the board along with the appointment of independent oversight.

SKYA closed at $2.61 on October 13, 2026, with the stock trading between a day low of $2.37 and a high of $2.64 during that session. Bastion Trading raised concerns regarding the transparency of digital asset treasury sales and questioned the legitimacy of the incumbent board following recent stockholder votes.