Forward Industries, which pursues a Solana-related digital-asset treasury strategy, has submitted an updated non-binding proposal to acquire all outstanding SkyAI shares. SkyAI shareholders could choose cash, Forward common stock or a combination, with consideration equivalent to 0.306 Forward shares for each SkyAI share. Based on Forward's September 14 closing price of $6.95, the offer implies $2.13 per SkyAI share, a 50% premium to SkyAI's $1.42 close that day. The exchange ratio is lower than the 0.367 FWDI shares proposed in Forward Industries' initial June offer. The transaction remains contingent on due diligence and regulatory and SkyAI shareholder approvals, while Forward has asked SkyAI's board to respond by 5 p.m. Eastern time on September 25.