According to BlockBeats, on September 15, Solana Treasury Company Forward Industries (NASDAQ: FWDI) announced that it has submitted an updated acquisition proposal to the SkyAI board of directors to acquire all of SkyAI's issued and outstanding common stock.
According to the proposal, SkyAI shareholders can choose cash, Forward Industries common stock, or a combination of both, with each SkyAI share corresponding to 0.306 Forward Industries shares. Based on Forward Industries' closing price of $6.95 on September 14, the implied consideration per SkyAI share is approximately $2.13, a 50% premium over SkyAI's closing price of $1.42 on that day. Forward Industries has requested a response from SkyAI's board of directors by 5 PM ET on September 25. This proposal is currently non-binding, and the transaction is still subject to due diligence, final agreement signing, and relevant regulatory and shareholder approvals.