FORWARD INDUSTRIES (FWDI) Raises Bid for SkyAI to a 50% Premium
Forward Industries offers SkyAI holders cash or stock at a fixed 0.306 exchange ratio, implying $2.13 per share, and wants an answer by September 25.
Forward Industries (FWDI), a Nasdaq-listed digital asset treasury company focused on Solana, said it has delivered a letter to the board of SkyAI, Inc. proposing to acquire all of SkyAI's issued and outstanding common stock. The revised offer values each SkyAI share at $2.13, a 50% premium to SkyAI's closing price of $1.42 on September 14, 2026.