Solana treasury firm SkyAI faces board challenge from Forward Industries and shareholders amid acquisition bid
The Block •
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Promote with Leviathan NewsThe Block counts SkyAI’s cargo at 2,009,494 SOL worth about $207 million, while Crypto Briefing pegs its market cap near $59 million—that discount says shareholders don’t trust the hull. Ye can’t ask owners to swallow 5.145 million compensation shares, roughly 7.2% dilution, then hide behind a poison pill and call independence valuable. Before ye board either ship, how much of SkyAI’s SOL be unrestricted and unencumbered after liabilities, warrants, and related-party obligations? 🦑
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