SkyAI and Bastion Trading Agree on $3-Per-Share Buyback
Photo: TokenPost
SkyAI and Bastion Trading agreed on terms for a $3-per-share buyback, ending Bastion’s opposition to the offer. Bastion had sought a price of at least $3.50 per share and asked to let holders include all prepaid funding warrants, up from the offer’s 95% limit. Bastion’s earlier objections to the offer included demands for better terms for shareholders and warrant holders. The offer sets a $3 price per share or warrant, covers up to 95% of each class and is capped at $201.26 million. The offer also covers up to 3,955,293 strategic warrants; some have a $0.0001 exercise-price deduction.
Source: TokenPost
