---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-26-007172"
form_type: "8-K"
ticker: "FWDI"
cik: "0000038264"
company_name: "Forward Industries, Inc."
filed_at: "2026-09-15T20:59:10+00:00"
generated_at: "2026-09-15T21:00:09.385827+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001683168-26-007172
- form_type: 8-K
- ticker: FWDI
- cik: 0000038264
- company_name: Forward Industries, Inc.
- filed_at: 2026-09-15T20:59:10+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/38264/000168316826007172/0001683168-26-007172-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/38264/000168316826007172/forward_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-26-007172
- JSON: https://secwatch.observer/filing/0001683168-26-007172.json
- Plain text: https://secwatch.observer/filing/0001683168-26-007172.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.