Forward Industries submitted an updated non-binding proposal to SkyAI’s board to acquire all issued and outstanding common shares of SkyAI. The Solana digital asset treasury company offered SkyAI shareholders the option to receive consideration in cash, Forward common stock, or a combination of both. The proposal values each SkyAI share at 0.306 Forward shares, equal to about $2.13 per SkyAI share based on Forward’s Sept. 14 closing price of $6.95. That represents a 50% premium to SkyAI’s $1.42 closing price on the same day. Forward requested a response from SkyAI’s board by 5:00 p.m. ET on Sept. 25. The transaction remains subject to due diligence, definitive agreements, regulatory approval and SkyAI shareholder approval, with no assurance it will be completed.