After its bid to acquire Solana-based treasury firm SkyAI was rejected, Forward is calling on shareholders to oppose the re-election of five incumbent directors.
52 minutes ago
Solana treasury firm SkyAI will hold its annual general meeting on September 18. Potential acquirer Forward Industries has publicly called on shareholders to oppose the re-election of five incumbent directors and reject the 2026 equity incentive plan, which would authorize the addition of 5.145 million new shares for equity compensation. Earlier, Forward proposed an all-stock acquisition offer of 0.367 FWDI shares per SKYA share, a roughly 20% premium, but was unanimously rejected by SkyAI’s board in July. Meanwhile, shareholders including Bastion Trading, which holds a 9.99% stake in SkyAI, have filed documents with the SEC, planning to vote "WITHHOLD ALL" on all director candidates, and questioning the company’s recent articles of association amendments, adoption of a poison pill plan without shareholder approval, and related-party transactions. (The Block)
Tudor Jones: AI Could Become the World’s Third Superpower, Urging Global Regulatory Cooperation
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Yesterday, Bitcoin ETFs posted a net outflow of $120 million, while Ethereum ETFs registered a net inflow of $34.7 million.
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Solana ecosystem token launch platform STONK leads the rally, with its market capitalization rising back above $180 million.
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Suno finally adopts licensed music, but its v6 version is being criticized by users as inferior to the old version.
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