Third Eye urges SkyAI to lift tender price to 100% of NAV
Large SkyAI shareholder Third Eye backed Bastion Trading's call to improve SKYA's tender terms, including payment at 100% of NAV and a full-share cap.
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what happened
According to TradingView, shareholder Third Eye, a major holder of SkyAI, has backed a proposal from Bastion Trading to improve the tender terms for SKYA shares. The current offer sits at about 0.95x mNAV, and the shareholder wants payment at 100% of NAV.
The shareholder also wants the strategic advisor warrants cancelled, with their value passed to investors, and the cap raised to 100% of shares and pre-funded warrants, removing the 95% limit and proration. Third Eye's statement, distributed via PR Newswire, says the SOL treasury has reportedly been liquidated and that the board's conduct should be scrutinized.
why it matters
For investors, the key value driver is now the return of net asset value, since the company reportedly holds its assets in cash after the SOL treasury sale. A revised offer from the board could become a near-term catalyst, while the risk of litigation could change the timing and economics of the deal.
market impact
SKYA: shareholder pressure may push the board to revise the tender price and terms
tags
instruments
sources
- Third Eye Urges SkyAI to Raise Tender to Full NAV and Expand to 100% — 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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