From TokenPost · · 40s
SkyAI Shareholder Demands Higher Tender Offer Price
Bastion Trading pushes SkyAI to raise $201m tender offer price from $3 to $3.50 per share.
In brief
Bastion Trading pushes SkyAI to raise $201m tender offer price from $3 to $3.50 per share. Major SkyAI shareholder Bastion Trading demands the company increase its tender offer price from $3 to $3.50 per share and include all prepaid funding warrants. Originally reported by TokenPost.
Bastion Trading
Major shareholder Bastion Trading wants SkyAI to raise the tender offer price from $3 to at least $3.50 per share.
Tender Offer Terms
Bastion also wants holders to include all prepaid funding warrants, up from current 95% inclusion rate.
Board Accountability
Bastion demands board chair and directors resign or face shareholder vote if they fail to meet accountability duties.
At a glance
Major SkyAI shareholder Bastion Trading demands the company increase its tender offer price from $3 to $3.50 per share and include all prepaid funding warrants.
