Bastion Trading, a major SkyAI shareholder, criticizes SkyAI's proposed tender offer due to lack of transparency about selling 70% of its Solana (SOL) holdings and the legitimacy of the current board after a strong shareholder vote against it. Bastion Trading calls for full disclosure of the SOL sales details, an independent review, and a refreshed board with independent directors before proceeding. They also demand improved tender offer terms, including a higher price and exclusion of insider warrants. Bastion Trading refuses to participate unless these concerns are addressed and urges other shareholders to withhold participation until fair terms and transparency are ensured.
The Bastion Trading challenge to SkyAI's tender offer is presented here with Pluang's market snapshot as of Oct 14, 2026 18:43 WIB: Among 150 US stocks priced on Pluang, 96 rose and 50 fell. Li Auto Inc (LI) traded at USD 11.57 with a 1-day decline of 1.53% and a strong 95% sell order activity, contrasting with Gold Fields Limited (GFI) at USD 36.89 gaining 1.51% and 69% buy orders, while Sea Limited (SE) stood at USD 97.24 up 1.37% but with 63% sell orders.
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