FWDI proposes 50% premium acquisition of SkyAI with fixed 0.306 exchange ratio

Forward Industries, Inc.

FWDI offers $2.13 per SkyAI share (0.306 FWDI shares fixed ratio) = 50% premium to $1.42 close on Sep 14, 2026.
SkyAI stockholders may elect cash, FWDI common stock, or any combination per share.
Non-binding proposal; Forward requests SkyAI board response by 5:00 pm ET Sep 25, 2026.
Deal conditional on due diligence, definitive agreement, regulatory approvals, and SkyAI stockholder approval.

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