Welcome to our dedicated page for SkyAI SEC filings (Ticker: SKYA), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
SkyAI, Inc. (NASDAQ: SKYA), formerly Sharps Technology, Inc., provides extensive detail about its business transformation and capital structure through its SEC filings. The company’s 8-K filings document the formal name change to SkyAI, Inc., the shift in its Nasdaq ticker from STSS to SKYA for common stock and to SKYAW for warrants, and the strategic move from legacy operations toward a technology-driven financial platform focused on agentic finance for the Global South.
In its annual report on Form 10-K filed under the Sharps Technology name, the company discusses its treasury policy and digital asset strategy, including concentration in SOL, holdings of certain stablecoins, and the potential use of derivatives such as call and put options. These disclosures explain how the company has managed its digital asset treasury and contemplated using proceeds from asset sales to support expansion and product development.
Current reports on Form 8-K provide additional insight into governance, executive leadership, and shareholder-related actions. Filings describe the appointment and compensation arrangements of the Chief Financial Officer, amendments to bylaws, updates to the code of business conduct and ethics, and agreements with strategic advisors. Other 8-Ks outline a share repurchase program and the related open market repurchase agreement, as well as a lock-up agreement with a strategic advisor.
More recent 8-K disclosures also cover the company’s press releases announcing its rebrand to SkyAI, the opening of an operational headquarters in Hong Kong, and its focus on an AI- and blockchain-based agentic finance platform serving emerging markets. Together, SkyAI’s 10-K, 10-Q, and 8-K filings offer a structured view of its evolving business model, digital asset exposure, governance practices, and potential corporate transactions.
SkyAI, Inc. (SKYA) is the subject of a Schedule 13D reporting that Wei Zhu, Bastion Trading Limited, Bastion Holdings Limited and Lucio Holding Limited beneficially own 4,294,891 shares of common stock, or approximately 9.99% of shares outstanding, based on 42,982,506 shares outstanding as of August 4, 2026. Bastion Trading directly holds 1,345,417 shares (about 3.2%), Lucio Holding directly holds 2,940,075 shares (about 6.8%), and Mr. Zhu may be deemed to beneficially own their combined position.
The group’s stake includes warrants held by Bastion Trading: 4,234,615 Pre-Funded Warrants (exercise price $0.0001 per share, purchased at $6.4999 per warrant) and 5,384,615 Stapled Warrants (exercise price $9.75 per share, expiring 36 months after August 25, 2025), all subject to a 9.99% Beneficial Ownership Limitation. The investors state they viewed SkyAI’s shares and participation in a $400 million PIPE that closed on August 25, 2025 as attractive investment opportunities and indicate they may buy or sell additional securities over time. They currently intend to vote “WITHHOLD ALL” on the re-election of all five incumbent directors at the 2026 annual meeting and indicate plans to engage with the board, management and other stockholders regarding SkyAI’s strategy and governance.
SkyAI, Inc. is calling a virtual 2026 annual stockholders’ meeting on September 18, 2026 to elect five directors, ratify PKF O’Connor Davies as auditor for 2026, approve a new 2026 Equity Incentive Plan, and allow potential adjournment if voting support is insufficient.
The 2026 Equity Incentive Plan would authorize up to 5,145,000 shares (including remaining shares from the prior plan), which the company states is about 7.2% of a fully diluted base that includes pre-funded and strategic advisor warrants. SkyAI highlights its shift from a legacy medical device business to a Digital Asset Treasury strategy and positions equity compensation as a primary tool to attract and retain key talent.
New employment agreements for the Principal Executive Officer, Chief Investment Officer and CFO provide base salaries of $600,000/$600,000/$400,000, performance bonuses tied mainly to market capitalization growth, and severance packages of up to three times base salary (with equity acceleration on certain terminations). The proxy also discloses substantial related-party consulting and warrant arrangements with entities controlled by the Chief Investment Officer’s brother, and describes governance structures, committee independence and an executive compensation clawback policy.
SkyAI, Inc. received an amended Schedule 13G from Bastion Trading Limited, Bastion Holdings Limited, Lucio Holding Limited and Wei Zhu reporting their beneficial ownership. As of August 13, 2026, Wei Zhu is reported as beneficially owning 4,294,891 shares of SkyAI common stock, representing a capped 9.99% interest. Bastion Trading and Bastion Holdings each report beneficial ownership of 1,354,816 shares (about 3.2% each), and Lucio Holding reports 2,940,075 shares (about 6.8%). The ownership includes 1,345,417 common shares, pre-funded warrants exercisable for up to 4,234,615 shares and stapled warrants exercisable for up to 5,384,615 shares, subject to Beneficial Ownership Blockers limiting post-exercise ownership to 9.99% of outstanding common stock. Percentages are based on 42,982,506 shares outstanding as of August 4, 2026, plus 9,399 warrant shares exercisable within 60 days for certain holders.
Saba Capital Management, L.P., together with Saba Capital Management GP, LLC and Boaz R. Weinstein, reports beneficial ownership of 3,050,450 shares of SkyAI, Inc. common stock and warrants, representing 6.85% of the class. The percentage is based on 42,982,506 shares outstanding as of August 4, 2026 plus 1,538,462 shares issuable upon exercise of certain warrants held by the reporting parties. Voting and dispositive powers over these shares are reported as shared, with no sole voting or dispositive power. Funds and accounts advised by Saba Capital have the right to receive dividends and sale proceeds from the common stock.
SkyAI, Inc. reported unaudited results for the three and six months ended June 30, 2026. For the first half of 2026, the company recorded a net loss from continuing operations of $109,520,033, compared with income from continuing operations of $7,769,654 a year earlier, primarily reflecting losses on its Solana ("SOL") treasury holdings.
Staking revenue from SOL was $5,457,656 for the six-month period, but this was outweighed by an unrealized loss on digital commodities of $84,336,553 and a realized loss of $14,716,799. Legacy medical device net revenue was $192,780, with activity focused on sales and distribution after manufacturing was discontinued in 2025.
At June 30, 2026, SkyAI held 2,003,676 SOL with a cost basis of $381,570,910 and a fair value of $144,282,193, plus cash of $12,071,008. Total liabilities were $3,070,440 against stockholders’ equity of $157,280,135. Under its 2025 repurchase program, 1,213,669 shares had been bought back into treasury at a cost of $2,011,573.
SkyAI, Inc., a Nevada corporation listed on the Nasdaq Capital Market, reports that its board formed a special committee of independent directors to evaluate an unsolicited, non-binding proposal from Forward Industries, Inc. for a potential all-stock business combination.
After completing this review, both the special committee and the full board unanimously concluded that the proposal was not in the best interests of SkyAI shareholders. The company states that it is not pursuing this transaction at this time.
SkyAI, Inc. reported that its Chief Financial Officer, Arthur Levine, has filed a Form 3, which is the initial statement of beneficial ownership for insiders. The filing does not list any transactions, meaning no recent insider purchases, sales, or derivative exercises are reported in this document.
SkyAI, Inc., formerly Sharps Technology, Inc., has amended its Nevada articles of incorporation to change its corporate name and align with a new AI-driven strategy. Its common stock now trades on Nasdaq under the ticker SKYA and its warrants under SKYAW, replacing STSS and STSSW. The company is pivoting from its legacy operations to build an agentic finance platform for the Global South, combining artificial intelligence with blockchain-based infrastructure, including stablecoin rails and the Solana network. It has opened an operational headquarters in Hong Kong to support licensing, hiring and regional expansion, and discloses extensive operational, legal, regulatory, cybersecurity and competitive risks tied to its AI and digital asset-focused strategy, including evolving AI regulation such as the EU’s AI Act.
SkyAI, Inc. entered into an employment agreement with Arthur Levine and appointed him as its Chief Financial Officer, effective May 22, 2026. Levine, age 68, had been serving as interim CFO since February 2026 and has extensive prior CFO experience at public companies.
Under the agreement, he will receive a base salary of $400,000 per year and is eligible for an annual cash bonus equal to 50% of base salary, contingent on performance and continued employment. He will also be considered for additional equity-based awards at the board’s discretion.
If SkyAI terminates him without cause or he resigns for good reason, he is entitled to severance equal to one times base salary and accelerated vesting of outstanding equity, subject to a release. If such a termination occurs in connection with a change in control, cash severance increases to three times base salary, with equity also accelerating.
Sharps Technology, Inc. (STSS) — Schedule 13G/A amendment reporting beneficial ownership by Saba Capital and related persons. The amendment states the Reporting Persons share voting and dispositive power over 3,050,450 shares, representing 6.95% of the class based on 42,322,168 shares outstanding as of May 8, 2026 plus 1,538,462 shares issuable upon exercise of certain warrants. The filing identifies Saba Capital Management, L.P., Saba Capital Management GP, LLC, and Boaz R. Weinstein as joint filers and notes the funds and accounts advised by Saba Capital have rights to dividends and sale proceeds.