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Third Eye urges SkyAI to improve tender offer terms and return full value to investors after SOL treasury liquidation

Market News
21 Oct 2026
PRNewsWire
View Source
Neutral
Third Eye urges SkyAI to improve tender offer terms and return full value to investors after SOL treasury liquidation

Third Eye, a major shareholder of SkyAI, calls for the company to increase its tender offer price to 100% of net asset value, cancel strategic advisor warrants, and expand the offer to cover all shares and warrants. This follows the liquidation of SkyAI's SOL treasury, with Third Eye demanding fair value return to investors and transparency from the Board on the liquidation and tender process. The firm supports Bastion Trading's push for better terms and director accountability, warning it may pursue legal action if necessary. The focus is on ensuring investors can fully exit with fair compensation and clear oversight from the company's leadership.

Third Eye's call for improved SkyAI tender terms comes as 111 of 142 Financials-sector US stocks on Pluang rose today. For readers following the Financials sector, here is Pluang's market snapshot as of Oct 21, 2026 23:31 WIB: AVAT rose 9.76% to USD 1.35 with a balanced Pluang order activity of 48% Sell and 52% Buy and a typical hold time of 13 days; GLXY increased 8.12% to USD 17.04 with a typical hold time of 5 days; PURR gained 6.34% to USD 9.73 with 100% Buy order activity and a typical hold time of 5 days.

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