SkyAI is expanding its tender offer to incorporate cash stapled warrants and cryptocurrency-linked versions at 17 cents apiece. The company also raised its purchase target for outstanding pre-funded warrants to 100%, up from the previous 95% threshold, maintaining a purchase price of $3.00. Investors have until one minute past 11:59 pm on November 12 to participate in the amended offer.

Executive Chairman Paul Danner described the deal as a method to ensure all holders of pre-funded and stapled warrants receive cash on equal terms. Bastion CEO Ningxiang Zhang characterized the settlement as a fair, balanced outcome that facilitates an orderly exit for his firm from its position in the company.