SkyAI faces pressure from Forward Industries and shareholders over board election

SkyAI is facing significant pressure ahead of its September 18 annual shareholder meeting. Bastion Trading, holding a 9.99% stake, plans to vote against all five board candidates, citing unauthorized charter amendments and a 'poison pill' plan. Additionally, Forward Industries, which previously attempted to acquire SkyAI, has urged shareholders to reject the board candidates and a proposed 2026 equity incentive plan that would dilute shares by over 7.2%.