Bastion Trading Limited Reaches Agreement with SkyAI for Amendments to Tender Offer and Announces That It Will Tender All of Its SkyAI Securities
SkyAI reached a tender support and settlement agreement with Bastion Trading, its largest holder, amending the company's cash tender offer to cover 100% of outstanding pre-funded warrants and extend it to the stapled warrants. Bastion Trading agreed to tender all of its 4,649,745 common shares, 4,234,615 pre-funded warrants and 5,384,615 stapled warrants, which it characterized as a clear and orderly exit at a combined 1x mNAV.
Key figures
- Tender pricing
- combined 1x mNAV
- Shares held by bastion
- 4649745
- Pre funded warrant coverage
- 100% of outstanding pre-funded warrants
- Stapled warrants held by bastion
- 5384615
- Pre funded warrants held by bastion
- 4234615
AI analysis
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