Forward Industries, Inc. Form 8-K Filing Summary

Forward Industries, Inc. announced on September 15, 2026, an updated proposal to acquire SkyAI, Inc. The proposed acquisition offers SkyAI stockholders a 50% premium based on SkyAI's closing price on September 14, 2026. SkyAI stockholders will have the option to receive cash, Forward common stock, or a combination of both. The proposed transaction is structured as a merger or other mutually agreed-upon tax-efficient combination. Forward Industries has requested a response from the SkyAI Board by September 25, 2026. The proposal is non-binding and contingent upon customary conditions, including due diligence, definitive agreement negotiation, regulatory approvals, and stockholder approval from SkyAI. Forward Industries, a Solana-focused digital asset treasury company, aims to strengthen the Solana ecosystem through strategic investments and operations.