NewsMV
SkyAI, a Solana treasury firm, is in focus ($SOL) after Forward Industries, a would-be acquirer, and a shareholder group combined to challenge the company's board.
The dispute centers on SkyAI's proposed equity plan, which would authorize 5.145 million shares for stock-based compensation.
That share figure represents roughly 7.2% additional dilution, the specific number both parties are pressing against.
The would-be acquirer angle adds weight beyond a standard compensation dispute: Forward Industries carries an interest in SkyAI's cap structure that runs past a single equity vote.
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