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Alice is a social funding and impact management platform built on the Ethereum blockchain. It incentivizes social organizations to run projects transparently, so that donors and impact investors can identify and scale highly effective social projects.
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SkyAI faces joint pressure from acquirer Forward Industries and shareholders, casting doubt on the prospects of a board election.
According to The Block, SkyAI, a Solana financial company, faces dual pressure ahead of its September 18 annual shareholder meeting: Bastion Trading, which holds a 9.99% stake, along with affiliated shareholders, have announced they will vote "against" all five board candidate nominees, citing reasons such as unilateral amendments to the company's articles of incorporation, the rollout of a "poison pill" plan without a shareholder vote, and related-party transaction issues. Meanwhile, potential acquirer Forward Industries, the largest publicly traded financial company on Solana, has also published an open letter urging shareholders to oppose all board candidates and the company’s proposed 2026 equity incentive plan—which would issue an additional 5,145,000 shares for equity awards, resulting in a dilution exceeding 7.2%. Earlier this June, Forward had proposed acquiring SkyAI through an all-stock deal at $1.55 per share (representing a 20% premium at the time), but the board rejected the offer in July. Since then, Forward’s stock price has climbed over 50%, while SkyAI’s has remained essentially flat around $1.35. Forward has also questioned related-party transactions tied to companies controlled by the brother of Alice Zhang, SkyAI’s chief information officer and director, and stated it remains open to a potential strategic merger.
Israeli AI security startup Alice raises $140 million, approaching a $1 billion valuation.
According to Bloomberg, Israeli AI security startup Alice has closed a $140 million funding round. The round was led by Apax Digital, a fund under private equity firm Apax Partners, with participation from cybersecurity company SentinelOne and Samsung Electronics.
Hong Kong Suspends Progress on Basketball Betting Project; Mandy Mak Cites Risk of Illegal Gambling via “Prediction Markets”
According to RTHK, the Hong Kong government has decided to halt the advancement of its basketball betting project. Secretary for Home and Youth Affairs Alice Mak stated that “prediction markets” have experienced rapid growth in recent years, with monthly trading volume increasing from less than USD 100 million two years ago to over USD 13 billion last year—nearly 40% of which relates to sports events. The authorities are concerned that launching a new betting project at this time could further draw public attention to—and even participation in—illegal gambling activities; therefore, they believe it is necessary first to conduct research before deciding on next steps. She reiterated that placing bets on sports-related prediction market products constitutes illegal gambling, and the authorities will strengthen public education and awareness efforts, as well as collaborate with the Hong Kong Jockey Club to study measures targeting illegal gambling.