◆ NeutralFWDISKYASKYAW

UPDATED: Forward Industries Announces Letter of Intent to Acquire SkyAI, Inc. (SKYA)

GlobeNewswire Inc.·
UPDATED: Forward Industries Announces Letter of Intent to Acquire SkyAI, Inc. (SKYA)

Forward Industries (NASDAQ: FWDI) announced a non-binding all-stock acquisition proposal to SkyAI (SKYA), offering 0.367 FWDI shares per SKYA share, representing a 20% premium to SKYA's closing price of $1.29. SKYA did not respond to the proposal by the June 12, 2026 deadline. Forward argues the combination would benefit SKYA shareholders by providing exposure to Forward's Solana treasury platform and stronger institutional positioning.

Read Full Article at GlobeNewswire Inc.
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