OPENING

SkyAI (Nasdaq: SKYA) announced on October 27, 2026 a tender support and settlement agreement with Bastion Trading Limited, under which Bastion will tender all of its shares and warrants and agreed to a three-year standstill. SkyAI amended its cash tender offer to buy up to 100% of its pre-funded warrants and to add its stapled warrants, and extended the offer's expiration to November 12, 2026.

KEY DETAILS

- SkyAI (Nasdaq: SKYA) announced on October 27, 2026 a tender support and settlement agreement with Bastion Trading Limited, under which Bastion will tender all of its shares and warrants and agreed to a three-year standstill.

- SkyAI amended its cash tender offer to buy up to 100% of its pre-funded warrants and to add its stapled warrants, and extended the offer's expiration to November 12, 2026.

- If all securities sought are tendered, SkyAI will pay approximately $214.3 million from cash on hand; the offer has no financing condition.

- SkyAI said it sold approximately 2 million SOL at an average net price of $107.20, no longer holds any SOL, holds about $223 million in cash, and will not repurchase SOL after the offer closes.

WHY IT MATTERS

A listed Solana treasury firm is returning cash to holders. (Analysis, not a confirmed fact.)

IMPORTANT CONTEXT

- Common stock and strategic warrants are still sought at up to 95% of each class at $3.00 each, subject to a 50% minimum tender per class.

- The previous maximum payout under the offer was about $201.3 million, according to crypto.news.

- This article is informational and is not financial advice. Digital assets are volatile.

SOURCE

- Primary / main source: https://www.globenewswire.com/news-release/2026/10/27/3389579/0/en/skyai-enters-into-tender-support-and-settlement-agreement-with-bastion-trading-limited-extends-cash-tender-offer-to-all-pre-funded-warrants-and-includes-all-stapled-warrants.html

- Supporting: https://www.investing.com/news/company-news/skyai-amends-tender-offer-reaches-agreement-with-bastion-93CH-4976708

- Supporting: https://crypto.news/skyai-214-million-tender-offer-bastion-solana-sale/

#Solana #DigitalAssetTreasury