SkyAI, Inc. Declines Forward Industries' Business Combination Proposal

SkyAI, Inc. has announced that its Board of Directors, following the recommendation of a special committee of independent directors, has unanimously decided not to pursue a potential all-stock business combination with Forward Industries, Inc. The unsolicited, non-binding proposal from Forward Industries was reviewed and evaluated, with both the Special Committee and the Board concluding that the transaction was not in the best interests of SkyAI's shareholders at this time. The company will not be proceeding with this potential transaction.