Bastion Demands Answers Over SkyAI’s $201.26M Tender Offer
Photo: TokenPost
Bastion Trading is demanding that SkyAI’s executive chairman and three directors explain the sale of the company’s full Solana (SOL) treasury and approval of a tender offer the shareholder says could benefit an adviser tied to a director’s family. Bastion’s Oct. 21 demand names Executive Chairman Paul K. Danner III and directors Soren Bo Christiansen, Timothy J. Ruemler and Jason L. Monroe. Bastion estimates that up to $11.9 million could go to strategic warrants held by Sol Markets, SkyAI’s adviser.
Source: TokenPost
