Bastion trading, SkyAI 10% owner, buys $78,262 in stock

Bastion Trading Ltd, a 10% owner of SkyAI Inc., purchased 44,000 shares of the company's common stock on October 7, 2026, for a total of $78,262. The shares were bought at a weighted average price of $1.7787, with individual prices between $1.7700 and $1.7900. Currently trading at $1.82, the stock has declined 69% over the past year, but analysts believe it may be undervalued with a Fair Value of $2.46.

This deal, part of a Section 13(d) group holding over 10% of SkyAI's shares, brings Bastion Trading's direct ownership to 1,429,417 shares. SkyAI boasts a market cap of $78.23 million, impressive gross profit margins of 83%, and more cash than debt on its balance sheet—information available through InvestingPro. Additionally, Lucio Holding Limited indirectly holds 2,940,075 shares.

Both Bastion Holdings Limited and Lucio Holding Limited have derivative securities in SkyAI, including warrants that can be exercised without exceeding the 9.99% ownership limit. As of the transaction date, none of these warrants were exercisable.