SkyAI Shareholders Reject Equity Incentive Plan While Board Retains Seats

Key Facts

1SkyAI shareholders rejected the 2026 Equity Incentive Plan by 22.46 million votes to 5.05 million.

2All five board directors were retained despite receiving more withheld votes than support due to plurality voting rules.

SkyAI shareholders rejected the company's 2026 Equity Incentive Plan by a margin of 22.46 million votes to 5.05 million. According to crypto-economy.com, the failed proposal sought to authorize up to 5.145 million shares for incentive purposes, but it was blocked due to significant investor dissatisfaction with management's direction.

All five board directors were retained in their positions despite receiving more withheld votes than supportive ones, as plurality voting rules allowed them to keep their seats. Regarding market performance, SKYA closed at $1.81 on September 23, 2026, having traded between a day high of $1.93 and a low of $1.70.