other material
confidence high
sentiment neutral
materiality 0.55
Forward Industries discloses rejected/ignored all-stock acquisition proposals for SKYA and HSDT
Forward Industries, Inc.
- Proposed to acquire SkyAI (SKYA) at 0.367 FWDI shares per SKYA share (~20% premium to $1.29 close); SKYA did not respond by June 12.
- Proposed to acquire Solana Company (HSDT) at 0.386 FWDI shares per HSDT share (~10% premium to $1.48 close); HSDT board voted to decline.
- FWDI cites its scale as world's largest Solana treasury, staking majority of SOL, and launching fwdSOL liquid staking token.