Bastion Trading Urges SkyAI Board Changes After Shareholder Rebuff

Key Facts

1Bastion Trading group urged changes to SkyAI's board of directors following investor rebukes.

2The shareholder group owns approximately 9.99% of SkyAI.

3The group questioned $5 million in first-half consulting fees paid to Sol Edge.

The Bastion Trading group urged changes to SkyAI's board of directors following significant investor rebukes. TokenPost reported that the shareholder group, which owns approximately 9.99% of SkyAI, is demanding the appointment of new directors after shareholders rejected the company's equity incentive plan. The group specifically questioned $5 million in consulting fees paid to Sol Edge during the first half of the year.

SKYA closed at $1.83 on September 29, 2026, with the stock trading between a low of $1.78 and a high of $1.97 during that session. The activist move follows concerns regarding corporate governance and the potential direction of economic value to related parties, with Bastion stating it is prepared to pursue legal remedies if the board does not engage in a timely manner.