Solana treasury firm SkyAI keeps board after shareholder protest, loses equity plan vote

What happened

SkyAI, a firm tied to a Solana treasury, kept its board after a shareholder protest, but its proposed equity pay plan failed by a wide margin.

Confirmed

Global impact / market context

A rejected equity pay plan can limit how SkyAI rewards and retains staff, which may slow its ability to manage the Solana treasury and affect investor confidence in the firm.

Analyst inference

The vote shows shareholders are pushing back on how the company uses shares for pay, a governance signal that can shape how investors view similar Solana-linked treasury firms.

Analyst inference

What to watch

1. Watch whether SkyAI's board faces further shareholder opposition after surviving the protest vote. Confirmed
2. Watch whether SkyAI proposes a new equity pay plan or changes its terms for another vote. Proposed
3. Watch whether the rejected plan changes SkyAI's ability to hire or keep staff managing its Solana holdings. Analyst inference

Affected assets

• SOL — Solana

Evidence

• theblock.co