Forward Industries' Bid for SkyAI Expires After No Response

Dow Jones

Jun 15

By Adriano Marchese

Forward Industries said its offer to buy SkyAI in an all-stock deal expired after the company failed to respond.

Forward shares were up 8.2% to $4.63 in morning trading, while SkyAI rose 11% to $1.24.

The digital-asset holding company, which was built around the Solana blockchain platform, said Monday that its nonbinding proposal to buy SkyAI, which offer to pay 0.367 newly issued Forward shares for each SkyAI share, expired Friday. Solana is a high-speed blockchain network used for digital-asset transactions and decentralized applications.

The offer represented a 20% premium to SkyAI's closing price of $1.29 on the day prior to the proposal, or roughly $1.55 a share, Forward said.

SkyAI recently shifted its strategy toward artificial-intelligence products, a move that Forward said has weighed on the company's valuation.

"We are disappointed and surprised by the lack of response from the SKYA team," Forward said.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

June 15, 2026 09:47 ET (13:47 GMT)

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Solana is a high-speed blockchain network used for digital-asset transactions and decentralized applications. \n</p>\n<p>\n  The offer represented a 20% premium to SkyAI's closing price of $1.29 on the day prior to the proposal, or roughly $1.55 a share, Forward said. \n</p>\n<p>\n   SkyAI recently shifted its strategy toward artificial-intelligence products, a move that Forward said has weighed on the company's valuation. \n</p>\n<p>\n  \"We are disappointed and surprised by the lack of response from the SKYA team,\" Forward said. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 15, 2026 09:47 ET (13:47 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4145","symbol_name":"电子制造服务","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2643209977","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2643209977","pubTimestamp":1781531220,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Forward Industries said its offer to buy SkyAI in an all-stock deal expired after the company failed to respond.Forward shares were up 8.2% to $4.63 in morning trading, while SkyAI rose 11% to $1.24.The digital-asset holding company, which was built around the Solana blockchain platform, said Monday that its nonbinding proposal to buy SkyAI, which offer to pay 0.367 newly issued Forward shares for each SkyAI share, expired Friday. Solana is a high-speed blockchain network used for digital-asset transactions and decentralized applications.The offer represented a 20% premium to SkyAI's closing price of $1.29 on the day prior to the proposal, or roughly $1.55 a share, Forward said.SkyAI recently shifted its strategy toward artificial-intelligence products, a move that Forward said has weighed on the company's valuation.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4145":"电子制造服务","BK4198":"医疗保健用品","SKYA":"SkyAI, Inc.","FWDI":"Madrona Forward International ET"},"translate_title":"Forward Industries对SkyAI的收购因无回应而到期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SKYA":0.9,"FWDI":0.9},"content_text":"By Adriano Marchese \n\n\n \n\n\n  Forward Industries said its offer to buy SkyAI in an all-stock deal expired after the company failed to respond. \n\n\n  Forward shares were up 8.2% to $4.63 in morning trading, while SkyAI rose 11% to $1.24. \n\n\n  The digital-asset holding company, which was built around the Solana blockchain platform, said Monday that its nonbinding proposal to buy SkyAI, which offer to pay 0.367 newly issued Forward shares for each SkyAI share, expired Friday. 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