Bastion 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

Bastion Trading, a major SkyAI stockholder owning ~9.99% of the company, demands accountability from SkyAI's Executive Chairman and board directors regarding the complete liquidation of the company's SOL treasury and the $3.00 per share tender offer. Bastion Trading calls for increased tender offer price to at least $3.50, full disclosure of insider holdings, exclusion of strategic advisor warrants, and voluntary resignations or a special stockholder meeting if directors cannot demonstrate meaningful oversight and fiduciary responsibility.

10/21/2026, 8:00 AM • GlobeNewswire

SkyAI to Commence $3.00 Per Share/Warrant Tender Offer and File Offer Materials with the SEC After Market Close on October 15, 2026

SkyAI announced a cash tender offer commencing October 15, 2026, to purchase up to 95% of its outstanding shares and warrants at $3.00 per share/warrant, representing a 65% premium to the prior closing price. The company holds approximately $204.6M in cash and 210,000 locked SOL, with plans to liquidate all SOL holdings. The offer values the company at approximately 0.95x mNAV and expires October 29, 2026.

10/14/2026, 7:49 PM • GlobeNewswire

SkyAI Announces Intention to Commence Cash Tender Offer to Purchase Common Stock and Pre-funded Warrants at $3.00 Per Share/Pre-funded Warrant

SkyAI announced a cash tender offer to purchase up to 95% of its outstanding common stock and warrants at $3.00 per share, representing a 65% premium to the October 9, 2026 closing price. The offer is expected to commence around October 15, 2026 for 10 business days and is contingent on minimum 50% tender rates and SOL remaining above $100. The company's Board also rejected Forward Industries' latest unsolicited acquisition proposal, determining it undervalues SkyAI.

10/11/2026, 11:14 PM • GlobeNewswire

UPDATED: Forward Industries Announces Letter of Intent to Acquire SkyAI, Inc. (SKYA)

Forward Industries (NASDAQ: FWDI) announced a non-binding all-stock acquisition proposal to SkyAI (SKYA), offering 0.367 FWDI shares per SKYA share, representing a 20% premium to SKYA's closing price of $1.29. SKYA did not respond to the proposal by the June 12, 2026 deadline. Forward argues the combination would benefit SKYA shareholders by providing exposure to Forward's Solana treasury platform and stronger institutional positioning.

06/15/2026, 9:19 PM • GlobeNewswire

Sichenzia Ross Ference Carmel LLP Provides 2025 Firm Update and Introduces Re-Designed Firm Website

Sichenzia Ross Ference Carmel LLP highlights its successful 2025, showcasing significant legal work in complex securities transactions, expanding to 70 attorneys, and receiving industry recognition for its corporate and securities law expertise.

12/15/2025, 2:52 PM • GlobeNewswire