Exchanges· ★★· neutral·

Bastion Demands $3.50 SkyAI Tender Price and Board Overhaul

  • —Bastion demands a $3.50 per-token tender price for SkyAI
  • —The shareholder refuses to participate on current terms
  • —SkyAI's filing reports 600,000 SOL remaining in reserves
  • —Cash covers only about 80% of the proposed offer
Why it matters: The standoff between Bastion and SkyAI's treasury could derail the tender and cloud the valuation of its SOL reserves.
#SOL
Source: The Defiant
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