SkyAI Secures Bastion Agreement to Tender All Shares and Warrants
Bitget2026/10/27 20:00- 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.
- Cash and cryptocurrency pre-funded warrant purchases increase from 95% to 100%, priced at $3 less the $0.0001 exercise price.
- The offer adds 100% of outstanding cash stapled warrants and cryptocurrency stapled warrants at $0.17 each.
- The offer expires one minute after 11:59 p.m. New York time on November 12, 2026; Bastion agreed to a three-year standstill.
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