SkyAI secures Bastion agreement to tender all shares and warrants
SKYA•SkyAI expanded its cash tender offer to approximately $214.3 million after Bastion Trading agreed to tender all its shares and warrants. The offer includes common stock repurchases capped at 95% of outstanding shares at $3 per share and expires November 12, 2026.
1. Expanded tender offer
SkyAI expanded its cash tender offer to approximately $214.3 million, securing Bastion Trading’s commitment to tender all its shares and warrants. Common stock repurchases remain capped at 95% of outstanding shares at $3 per share. Purchases of cash and cryptocurrency pre-funded warrants increased from 95% to 100%, at $3 less the $0.0001 exercise price; the offer also covers all outstanding cash and cryptocurrency stapled warrants at $0.17 each.
2. Offer deadline
The offer expires one minute after 11:59 p.m. New York time on November 12, 2026. Bastion agreed to a three-year standstill.
