Mergers & Acquisitions ·
Forward Industries, Inc. issued a press release on September 15, 2026, announcing an updated non-binding proposal to…
FORDForward Industries, Inc.
Forward Industries, Inc. issued a press release on September 15, 2026, announcing an updated non-binding proposal to acquire all outstanding common stock of SkyAI, Inc. The offer allows SkyAI shareholders to elect cash or Forward common stock at a fixed exchange ratio of 0.306 Forward shares per SkyAI share, implying consideration of $2.13 per SkyAI share based on Forward's September 14 closing price of $6.95. This represents a 50% premium to SkyAI’s prior close of $1.42. The company requested a response from SkyAI’s Board by September 25, 2026. The transaction remains subject to due diligence and regulatory approvals. Forward Industries operates as a Solana-focused digital asset treasury company.