Forward Industries proposes second acquisition bid for SkyAI at $2.13 per share

SkyAI: SkyAI, Inc. (NASDAQ: SKYA) is a financial technology company operating a Solana digital asset treasury while developing an agentic finance platform that combines AI with stablecoin infrastructure for underbanked users in the Global South. It holds a significant SOL treasury and has rebranded from its prior identity to align with this strategic focus. SkyAI is the target of Forward Industries' latest acquisition proposal following rejection of an earlier offer. Forward Industries: Forward Industries, Inc. (NASDAQ: FWDI) is a Solana-focused digital asset treasury company that manages one of the largest public holdings of SOL through staking and related activities to generate yield. It has pivoted its operations to center on building and scaling a SOL treasury strategy backed by institutional partners. Forward is currently pursuing an updated non-binding proposal to acquire SkyAI as part of broader efforts to consolidate the Solana treasury sector. Acquisition Activity: Forward Industries has delivered an updated non-binding proposal to acquire SkyAI, marking its second attempt after an initial offer in June. Sector Consolidation: Forward Industries is actively seeking to combine with smaller Solana treasury firms like SkyAI to increase scale and liquidity within the ecosystem.