SkyAI Shareholder Demands Board Accountability After Full Solana Sale

Bastion Trading, SkyAI’s roughly 9.99% shareholder, is demanding a public explanation of the company’s full Solana (SOL) treasury sale and better terms for its cash tender offer. Bastion wants SkyAI to raise the offer from $3 a share to at least $3.50 and increase the maximum portion of pre-funded warrants eligible for purchase from 95% to 100%. It also wants strategic adviser warrants excluded from the offer. The shareholder is seeking disclosures on securities held by directors, executives and related parties, including potential gains.