Bastion Trading, which holds about 9.99% of SkyAI, is urging the Solana treasury company to overhaul its board, citing concerns over shareholder interests. Bastion alleges SkyAI paid $5 million in consulting fees in H1 2026 to a related party controlled by the brother of its director and CIO, equivalent to roughly 92% of its staking revenue. At the September 18 annual meeting, all five incumbent directors received more withheld votes than votes in favor, and approximately 82% of votes opposed the equity incentive plan. Bastion is calling for meaningful engagement and new directors, and is prepared to pursue legal action if the board fails to respond.