According to CoinMeta, SkyAI announced that after reaching an agreement with its major shareholder Bastion Trading, it extended its cash acquisition offer to approximately $214.3 million and completed the sale of its entire Solana treasury to fund the transaction. As per the company's announcement on October 27th, Bastion and its subsidiaries have agreed to bid for all of their common shares, pre-financing warrants, and additional warrants under the revised offer. The agreement includes a three-year quiet period and extends the bidding deadline to November 12th, giving other qualified investors additional time to decide whether to participate. SkyAI stated that after selling approximately 2 million SOL in recent weeks, the cash balance is around $223 million. The company has ruled out repurchasing Solana after the bidding ends, thus concluding its previous treasury strategy, which was a core part of its investment approach. The revised terms increase the purchase ratio of SkyAI for cash pre-financing and cryptocurrency pre-financing warrants from 95% to 100%.