Solana treasury company Forward Industries plans to acquire SkyAI at a 50% premium, with a per-share consideration of approximately $2.13.

BlockBeats news, September 15 — Solana treasury company Forward Industries (NASDAQ: FWDI) announced that it has submitted an updated acquisition proposal to the SkyAI board of directors, proposing to acquire all issued and outstanding common shares of SkyAI.

Under the proposal, SkyAI shareholders may elect to receive cash, Forward Industries common stock, or a combination of both, with each SkyAI share corresponding to 0.306 shares of Forward Industries stock. Based on Forward Industries' closing price of $6.95 on September 14, the implied consideration per SkyAI share is approximately $2.13, representing a 50% premium to SkyAI's closing price of $1.42 that day. Forward Industries has requested that the SkyAI board of directors respond by 5 p.m. Eastern Time on September 25. The proposal is currently non-binding, and the transaction remains subject to due diligence, execution of a definitive agreement, and relevant regulatory and shareholder approvals.