Third Eye backs calls for better SkyAI tender terms
A major SkyAI shareholder supports demands to raise the tender price, cancel advisor warrants and expand the offer to 100% of shares.
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what happened
Third Eye, one of the largest shareholders of SkyAI, Inc., said in a PRNewswire release that it supports Bastion Trading's call for improved tender offer terms. The investor argues that after the liquidation of the company's SOL treasury, the board should return fair value to shareholders.
Third Eye asks for three changes: raise the tender price to 100% of net asset value instead of about 0.95x mNAV, cancel the strategic advisor warrants and return their value pro rata to investors, and expand the offer from 95% to 100% of common shares and pre-funded warrants. It also wants the board to explain its oversight and any insider benefits.
why it matters
For SkyAI shareholders, the key question is how much they will receive when exiting the stock. A price below full net asset value and a 95% cap could leave some investors holding a residual stake. The outcome depends on whether the board revises the offer.
market impact
SKYA: a dispute over tender terms could weigh on the share price and on minority investors' exit
tags
instruments
sources
- Third Eye Supports Bastion Trading's October 21 Call for Improved SkyAI Tender Terms — TradingView, 21 October 2026 at 16:45 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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