MissionIRNewsBreaks – Forward Industries, Inc. (NASDAQ: FWDI) Proposes Acquisition of SkyAI at 50% Premium

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

About MissionIR

MissionIR (“MIR”) is a specialized communications platform with a focus on assisting IR firms with syndicated content to enhance the visibility of private and public companies within the investment community. It is one of 75+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MIR is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MIR brings its clients unparalleled recognition and brand awareness.

MIR is where breaking news, insightful content and actionable information converge.

For more information, please visit www.MissionIR.com

Please see full terms of use and disclaimers on the MissionIR website applicable to all content provided by MIR, wherever published or re-published: https://www.MissionIR.com/Disclaimer

MissionIR
Austin, Texas
www.MissionIR.com
512.354.7000 Office
[email protected]

MissionIR is powered by IBN

This contant was orignally distributed by InvestorBrandNetwork (IBN). Blockchain Registration, Verification & Enhancement provided by NewsRamp™. The source URL for this press release is MissionIRNewsBreaks – Forward Industries, Inc. (NASDAQ: FWDI) Proposes Acquisition of SkyAI at 50% Premium.