Solana treasury firm SkyAI faces board challenge from would-be acquirer Forward Industries, shareholder group
60-second summary
SkyAI, Solana treasury firm, proposes an equity plan authorizing 5.145 million shares for stock‑based compensation, diluting existing holdings by about 7.2 %. Forward Industries, a potential acquirer, and a shareholder coalition challenge the plan, arguing it undermines value. The dispute could stall the acquisition and pressure Solana’s ecosystem investors in the near‑term.
SkyAI’s proposed equity plan would authorize 5.145 million shares for stock-based compensation, representing roughly 7.2% additional dilution.