SkyAI Sells 2M SOL, Sparking Shareholder Revolt
The sale reversed a treasury strategy SkyAI reaffirmed days before its annual meeting, while a 9.99% shareholder is demanding answers and better tender-offer terms.
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The sale reversed a treasury strategy SkyAI reaffirmed days before its annual meeting, while a 9.99% shareholder is demanding answers and better tender-offer terms.
The unexplained gap puts the proposed $200M buyback and SkyAI's Solana treasury strategy under scrutiny as a major investor demands board changes.
The shareholder challenge puts related-party payments and governance at the center of scrutiny for a publicly traded Solana treasury company.
A 9.99% Bastion block and the largest Solana treasury are now aligned against SkyAI's full board, with the 7%-plus dilution from a 2026 equity plan the real target of both campaigns.