Monitor for any subsequent Form 4 filings or SC 13D amendments that would indicate active trading or changes in the group's stake. The large warrant positions (over 9.6 million shares if exercised) represent potential future dilution, but the 9.99% beneficial ownership limitation caps near-term exercise.
Price Chart
Executive Summary
Bastion Trading Ltd filed a Form 3 initial statement of beneficial ownership for SkyAI, Inc. (STSS), disclosing direct and indirect holdings of common stock, pre-funded warrants, and stapled warrants. The filing reveals a Section 13(d) group collectively owning over 10% of SkyAI's outstanding common stock, with Bastion Trading directly holding 1,385,417 shares of common stock and 2,940,075 shares indirectly through Lucio Holding, plus 4,234,615 pre-funded warrants and 5,384,615 stapled warrants — all subject to 9.99% beneficial ownership limitations. This is a routine initial ownership disclosure with no material financial data or transaction details.
Key Facts
- Bastion Trading Ltd filed Form 3 as an initial statement of beneficial ownership for SkyAI, Inc. (STSS).
- Bastion Trading directly owns 1,385,417 shares of common stock and indirectly owns 2,940,075 shares through Lucio Holding Ltd.
- Bastion Trading holds 4,234,615 pre-funded warrants (exercise price $0.0001/share) and 5,384,615 stapled warrants (exercise price $9.75/share, expiring August 25, 2028).
- All warrants are subject to a 9.99% beneficial ownership limitation, and none are currently exercisable.
- The filing is made jointly by Bastion Trading, Bastion Holdings, Lucio Holding, and Wei Zhu as a Section 13(d) group collectively owning over 10% of SkyAI's outstanding common stock.
- SkyAI, Inc. was formerly known as Sharps Technology Inc. (name change effective April 19, 2018).
Financial Impact
No financial impact — this is a routine initial ownership disclosure with no transaction, offering, or material event.
Risk Factors
- Potential future dilution from the 4,234,615 pre-funded warrants and 5,384,615 stapled warrants if exercised above the 9.99% limitation.
- Concentrated ownership by a Section 13(d) group could lead to governance or control events.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 3 Filing (Primary) | 0000921895-26-002774 |
| Document: 0000921895-26-002774-index.html | 0000921895-26-002774 |
| Document: 0000921895-26-002774.txt | 0000921895-26-002774 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 18d ago | 3 | — | awaiting T+20 | — | — |
Apr 6, 2026 29w ago | Press Release | $1.49 $1.83 | ▲ +22.82% | ▲ +13.84% | — |
US Market Status
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