---
title: "UPDATED: Forward Industries Announces Letter of Intent to Acquire SkyAI, Inc. (SKYA)"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/289847119.md"
description: "On June 15, 2026, Forward Industries, Inc. (NASDAQ: FWDI) disclosed a non-binding offer to acquire SkyAI, Inc. This proposition involves an all-stock merger in which SKYA shareholders would get 0.367 newly-issued shares of Forward common stock for each SKYA common stock, giving a 20% premium to SKYA’s stock price of $1.29, valuing it at $1.55 per share. Despite the proposal expiring on June 12, 2026, with no response from SKYA, Forward expressed disappointment and emphasized the benefits of engaging in discussions for both companies and their shareholders."
datetime: "2026-06-16T01:21:12.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/289847119.md)
  - [en](https://longbridge.com/en/news/289847119.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/289847119.md)
generator: "portal-rs"
---

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

On June 15, 2026, Forward Industries, Inc. (NASDAQ: FWDI) disclosed a non-binding offer to acquire SkyAI, Inc. This proposition involves an all-stock merger in which SKYA shareholders would get 0.367 newly-issued shares of Forward common stock for each SKYA common stock, giving a 20% premium to SKYA’s stock price of $1.29, valuing it at $1.55 per share. Despite the proposal expiring on June 12, 2026, with no response from SKYA, Forward expressed disappointment and emphasized the benefits of engaging in discussions for both companies and their shareholders.

### Related Stocks

- [SKYA.US](https://longbridge.com/en/quote/SKYA.US.md)
- [FWDI.US](https://longbridge.com/en/quote/FWDI.US.md)

## Related News & Research

- [Voltalia updates financial calendar with half-year 2026 results release](https://longbridge.com/en/news/296937967.md)
- [Xcel Energy sets BRL 0.26 per unit distribution for payment Oct. 26, 2026](https://longbridge.com/en/news/296646864.md)
- [Public Storage announces R$ 0.41 per unit dividend for Q3 2026](https://longbridge.com/en/news/296635332.md)
- [NiSource declares Q3 2026 distribution of R$ 1.05 per unit, payable Aug. 26](https://longbridge.com/en/news/296784415.md)
- [Corning sets Q3 2026 dividend at R$ 0.25 per unit](https://longbridge.com/en/news/296635714.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**