Bastion Demands $3.50 SkyAI Tender Price and Board Overhaul

Bastion's refusal reframes the tender as a governance fight rather than a simple liquidity event, since its demands target both price and board composition. The disclosed 600,000 SOL and cash covering roughly 80% of the proposed offer matter because they define how much room SkyAI actually has to move on price without touching its treasury. Whether Bastion's stance attracts other holders, and whether SkyAI treats the shortfall as a reason to negotiate or to hold firm, is the open question.