Bastion Trading challenges SkyAI's proposed $201 million buyback

Bastion says SkyAI failed to properly disclose selling roughly 70% of its Solana treasury, questions the legitimacy of a board that drew heavy withhold votes, and considers the $3.00 price too low, asking for at least $3.50. SkyAI held more than two million SOL on September 14, 2026, disclosed selling about one million in its October 11 announcement, and reported roughly 600,000 SOL remaining in a Form 8-K two days later, pointing to a disposal near 70%.