SkyAI (SKYA) Proxy filing summary

Executive summary

• Special Committee of independent directors reviewed and rejected Forward Industries' all-stock acquisition proposal, determining it was not in shareholders' best interests.

• Board reaffirms commitment to Solana DAT strategy, holding over two million SOL with no debt and generating significant staking revenue.

• From August 2025 to June 2026, recognized over $12 million in staking revenue and held $12.1 million in cash and stablecoins as of June 30, 2026.

• Solana validator generated an annualized gross yield of 6.01% in SOL, outperforming the network average.

• Board and management remain focused on unlocking long-term value for shareholders.

Voting matters and shareholder proposals

• Shareholders are asked to vote for all director nominees and the 2026 Equity Incentive Plan at the Annual Meeting on September 18, 2026.

• Board unanimously recommends voting FOR each nominee and the equity plan.

Board of directors and corporate governance

• Board emphasizes strong governance, transparency, and oversight, including public disclosure of consultant and advisor relationships.

• Special Committee of independent directors evaluated the acquisition proposal with independent advisors.

• Board will continue to evaluate governance practices as the company evolves.