Bastion presses SkyAI board over $201M buyback paying insider-linked advisor

On October 21, Bastion Trading demanded that SkyAI Executive Chairman Paul K. Danner III and directors Soren Bo Christiansen, Timothy J. Ruemler and Jason L. Monroe individually explain the company’s sale of its entire Solana treasury and its approval of a $201 million buyback. Bastion said up to $11.9 million of the offer could go to an entity controlled by the brother of director and Chief Investment Officer Yuwen (Alice) Zhang through strategic advisor warrants granted without cash investment.