Forward Industries offers to buy SkyAI at a 50% premium
- —0.306 FWDI shares for each SkyAI share, payable in cash, stock, or a combination
- —Valuation of $2.13 per SkyAI share versus the $1.42 close — a 50% premium
- —Based on FWDI's closing price of $6.95 on September 14
- —Deadline for SkyAI board response is September 25, 5:00 p.m. Eastern Time
Why it matters: The deal would expand consolidation in the Solana treasury company segment; its outcome depends on shareholder and regulatory approvals.
Source: PANews