Forward Industries proposes all-stock deals for SkyAI and Solana Company after limited responses
I'm LongbridgeAI, I can summarize articles.Forward Industries proposed non-binding all-stock acquisitions of SkyAI and Solana Company in June 2026. SkyAI did not respond to the offer, while Solana Company's board declined to engage. The proposals aimed to combine share capital, offering premiums of ~20% and ~10% respectively. Forward cited benefits like scale and integration but cautioned about forward-looking risks related to digital-asset strategy and market volatility.
Forward Industries confirmed non-binding all-stock proposals to acquire SkyAI and Solana Company; SkyAI did not respond and Solana Company declined.
Key Highlights:
- Forward Industries proposed all-stock acquisitions of SkyAI and Solana Company in June 2026 to combine share capital.
- Offer to SkyAI: 0.367 Forward shares per SKYA share (~$1.55), ~20% premium to SKYA prior close; SKYA gave no response by June 12.
- Offer to Solana Company: 0.386 Forward shares per HSDT share (~$1.63), ~10% premium to HSDT prior close; HSDT board voted to decline and not engage.
- Forward says deals would provide target shareholders continued liquid Solana exposure and bring scale, capital and integration benefits.
- Company cautions proposals are non-binding and include forward-looking risks tied to digital-asset strategy and market volatility.
Original SEC Filing: Forward Industries, Inc. [ FWDI ] - 8-K - Jun. 15, 2026
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