Forward Industries Proposes Acquisition of All Shares of SkyAI
Forward Industries announced on September 15, 2026, that it has proposed to the board of SkyAI, Inc. to acquire all of its issued and outstanding common stock. The proposal allows SkyAI shareholders to choose to receive cash and/or shares of Forward common stock, with each share of SkyAI convertible into the value of 0.306 shares of Forward stock at a fixed exchange ratio. Based on Forward's closing price of $6.95 on September 14, 2026, this proposal corresponds to a consideration of $2.13 per share of SkyAI, representing a 50% premium over SkyAI's closing price of $1.42 on that day. The transaction is intended to be executed through a merger or other tax-efficient combination. Ryan Navi, Chief Investment Officer of Forward Industries, stated that the updated offer reflects confidence in the value creation potential of the merger and requested that the SkyAI board respond by 5 PM Eastern Time on September 25, 2026. This proposal is non-binding and is subject to conditions including due diligence, final agreements, regulatory approvals, and approval by SkyAI shareholders, and there is no guarantee that the transaction will occur.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Bastion Trading Opposes SkyAI's $201 Million Acquisition Offer, Demands Investigation into 70% SOL Sale and Price Increase to $3.50

SkyAI Sells 1 Million SOL at a Loss of Over $160 Million, Major Shareholder Demands Full Disclosure

SkyAI Sells Approximately 1 Million SOL, Likely to Continue Reducing Holdings

SkyAI Plans $201 Million Tender Offer, Rejects Forward Industries Proposal

SkyAI Transfers 468,000 SOL Worth Approximately $51.1 Million

SkyAI Reelects Five Directors, Equity Incentive Plan Rejected

Shareholders Lose Approximately $50 Billion, Investors Scrutinize Compensation and Related Transactions

SkyAI Shareholders Plan to Vote Against All Directors, Governance Crisis Intensifies

SkyAI Inc. sells 135,399 SOL for 12.47 million dollars at 54% loss

SOL rose by 9%, driving a collective surge in Solana treasury stocks, with several DATs rising over 10% during the session

Forward Industries is seeking to acquire the smaller SOL Treasury Company

Best AI Crypto Coins 2026: Top 7 Tokens Ranked by Data

How to Stake Solana: A Step-by-Step Guide for 2026

Data: The cryptocurrency market sector is generally rising, with the AI sector leading with an increase of over 12%

Global Liquidity: Could the Japanese Oil Crisis Collapse US Treasuries?

BIS: Bank rate hikes cut stablecoin growth by 3 points

CryptoQuant CEO sees $30,000 Bitcoin floor even if ETFs and treasury firms exit

ZKsync vs Starknet: Which ZK Rollup is Superior?

Why does Circle keep only 7 cents for every dollar it earns?

Bitcoin: Arthur Hayes Sees an Opportunity in the AI Bubble

Chip Bets Lost $52 Million in 10 Minutes with Wall Street Closed

Bitget restricts users in Russia and Belarus under new rules

Raydium Quarterly Report Analysis: Trading Fees Triple, Q4 Growth Sustainability in Doubt

Stablecoins: Banks Can Curb Their Growth Through Savings

Bitcoin: Should We Fear a Black Monday for Cryptocurrencies?

Let the Safest Assets Bear Losses First? A Counterintuitive New Approach to On-Chain Distribution

Google's Quantum Chip Achieves 99.99% Accuracy: What This Means for Bitcoin

Kraken's New Leader, After Acquiring European Bank, Aims to Disrupt the Crypto Market?

On-Chain Privacy Applications Enter Development Window: 7 New Products Lowering Usage Barriers










