SkyAI shareholder demands board overhaul over $5M payment to director's brother

• —Bastion Trading and affiliates hold about 9.99% of SkyAI (Nasdaq: SKYA)
• —The $5 million advisory payment equals roughly 92% of H1 2026 staking revenue
• —The recipient is linked to the brother of a director who also serves as investment chief
• —At the Sept. 18 annual meeting, about 82% of votes opposed the equity incentive plan, and all five directors failed to win majority support