PANews|Sep 15, 2026 15:20
[SOL Treasury Company Forward Industries Updates Acquisition Proposal for SkyAI, Offering a 50% Premium]
According to GlobeNewswire, Solana digital asset treasury company Forward Industries (NASDAQ: FWDI) announced that it has submitted an updated non-binding acquisition proposal to the SkyAI board of directors, intending to acquire all issued and outstanding common shares. Under the proposal, SkyAI shareholders can choose to receive consideration in cash, Forward common stock, or a combination of both, with each SkyAI share corresponding to the value of 0.306 shares of Forward. Based on Forward's closing price of $6.95 on September 14, the consideration is approximately $2.13 per SkyAI share, representing a 50% premium over SkyAI's closing price of $1.42 on the same day. Forward has requested that the SkyAI board respond by 5:00 PM ET on September 25.
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink