SKYAGlobeNewsWireBastion Trading Calls on SkyAI Chairman and Directors to Demonstrate Accountability and to Provide a Better Tender Offer for All Stockholders and Pre-Funded Warrant Holders
Demands Executive Chairman Danner and Directors Christiansen, Ruemler and Monroe Explain Their Roles in Approving the Complete SOL Liquidation and Tender Offer Calls for Voluntary Resignations or Special Stockholder Meeting if Directors Cannot Demonstrate Meaningful Accountability Reiterates Demands for Better Tender Offer Terms for the Benefit of All Stockholders and Pre-Funded Warrant Holders NEW YORK, Oct. 21, 2026 (GLOBE NEWSWIRE) -- Bastion Trading Limited (“Bastion Trading,” “we” or “our”), a major stockholder of SkyAI, Inc. (Nasdaq: SKYA) (“SkyAI” or the “Company”) that, together with certain of its affiliates, beneficially owns approximately 9.99% of the Company's outstanding common stock, today called on SkyAI's Executive Chairman and directors Christiansen, Ruemler and Monroe (“Directors”) to publicly and transparently account for their roles in overseeing the liquidation of the Company's entire SOL treasury, without stockholder input or advance notice, and in approving the cash tender offer (the “Tender Offer”). On October 16, 2026, the Company launched its previously announced Tender Offer1 without meaningfully addressing the serious governance concerns and specific demands for improved offer terms raised in Bastion Trading's October 14, 2026 public statement.2 SkyAI also revealed in those filings that it has liquidated its entire SOL treasury, fundamentally transforming the Company's asset composition and principal business.3 Just one month earlier, and four days before its annual meeting, the Company told stockholders that it “reaffirms its commitment to its Solana DAT strategy” and that it continued to hold more than two million SOL.4 Bastion Trading believes the Executive Chairman and Directors must clearly and transparently demonstrate their oversight of and reasoning for these extraordinary decisions.