Forward Industries Increases SOL And SOL Equivalent Holdings By 948,601 SOL, Or 13%, From 7,552,698 As Of June 30, 2026 To 8,501,298 As Of September 30, 2026

SkyAI Announces Intention to Commence Cash Tender Offer to Purchase Common Stock and Pre-funded Warrants at $3.00 Per Share/Pre-funded Warrant

SkyAI announced a cash tender offer to purchase up to 95% of its outstanding common stock and warrants at $3.00 per share, representing a 65% premium to the October 9, 2026 closing price. The offer is expected to commence around October 15, 2026 for 10 business days and is contingent on minimum 50% tender rates and SOL remaining above $100. The company's Board also rejected Forward Industries' latest unsolicited acquisition proposal, determining it undervalues SkyAI.

Why Is SkyAI Stock Surging Monday?

SkyAI (NASDAQ: SKYA) surges after planning a $201M cash tender offer at $3/share to buy back up to 95% of shares & warrants.

Shares of companies within the broader technology sector are trading lower after Treasury yields spiked to a 24-year record and the Federal Reserve's September meeting minutes showed officials expect another interest rate hike in 2026. This may cause investors to rotate out of the sector due to economic tightening.

8-K filing — Forward Industries, Inc. (FWDI)

Filed: 2026-10-01 AccNo: 0001683168-26-007543 Size: 306 KB Item 7.01: Regulation FD Disclosure Item 9.01: Financial Statements and Exhibits