Forward Industries (NASDAQ: FWDI), the leading Solana treasury company, announced that it has delivered a letter to the SkyAI, Inc. board of directors proposing to acquire all issued and outstanding SkyAI common stock. Under the proposal, SkyAI stockholders could elect to receive cash and/or Forward common stock, with each SkyAI share valued at 0.306 Forward shares. Based on Forward’s Sept. 14, 2026, closing price of $6.95, the proposal implies consideration of $2.13 per SkyAI share, representing a 50% premium to SkyAI’s $1.42 closing price that day.
Forward has requested a response from the SkyAI board by 5 p.m. Eastern time Sept. 25, 2026. The proposal is non-binding and subject to customary conditions, including due diligence, negotiation and execution of a definitive agreement, required regulatory approvals and approval by SkyAI stockholders, with no assurance that a transaction or definitive agreement will be completed.
To view the full press release, visit https://ibn.fm/2tSYu
About Forward Industries
Forward Industries, Inc. (NASDAQ: FWDI) is a Solana focused digital asset treasury company, with the strategy to buy, hold, stake, trade, invest in, and grow SOL and SOL related digital assets, protocols and businesses. Forward’s mission is to expand and strengthen the Solana ecosystem by acquiring and staking SOL and engaging with, providing tools to and investing in the Solana network, Solana developers and Solana related projects in order to increase shareholder value. In connection with a private placement transaction in September 2025, Forward launched a digital asset treasury strategy supported by industry leading investors and operating partners including Galaxy Digital and Jump Crypto. For more information on the Company’s Solana treasury strategy, visit www.forwardindustries.com.
NOTE TO INVESTORS: The latest news and updates relating to FWDI are available in the company’s newsroom at https://ibn.fm/FWDI
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