Every material Form 8-K Forward Industries, Inc. has filed with the SEC since September 15, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Forward Industries said it added 948,601 SOL in its fiscal fourth quarter ended September 30, 2026, raising holdings 13% to 8,501,298 SOL, with purchases at an average cost of $83 per SOL. SOL per fully diluted share rose to 0.0806 from 0.0730 over the quarter, while net asset value increased to $870.4 million and institutional debt rose to $167.5 million, and the company said part of the purchases was funded by selling FWDI shares. All figures are preliminary and unaudited and remain subject to the company's annual audit.
SOL and SOL equivalents rose by 948,601 (13%) to 8,501,298 as of September 30, 2026, from 7,552,698 on June 30, 2026.
SOL per fully diluted share increased to 0.0806 from 0.0730, quarterly growth of 10.4% or about 42% annualized.
Net asset value was $870,382,702 as of September 30, 2026, up from $481,328,023; institutional debt rose to $167.5 million from $105 million.
Figures are preliminary and unaudited and remain subject to completion of the annual audit.
Forward Industries sold 3,125,000 shares of common stock at $8.00 each in a registered direct offering to one institutional investor, closing on September 24, 2026 for gross proceeds of approximately $25 million before fees. The company said it intends to use the net proceeds mainly to buy additional Solana (SOL), working capital and general corporate purposes, which increases its share count and adds a cash-funded digital asset position.
Shares sold: 3,125,000 common shares at $8.00 each; gross proceeds of approximately $25 million before placement agent fees and expenses
Placement agent A.G.P./Alliance Global Partners receives a 5% cash fee on gross proceeds, plus up to $50,000 in legal expense reimbursement
Offering closed September 24, 2026 under an effective Form S-3ASR shelf registration (File No. 333-290312)
Company agreed not to issue additional common stock or equivalents for 15 days after the closing date, subject to limited exceptions
Forward Industries said it sent a letter to the SkyAI board proposing to acquire all of SkyAI's outstanding common stock. Each SkyAI share would convert into 0.306 Forward shares at a fixed ratio, which implies $2.13 per SkyAI share based on Forward's $6.95 close on September 14, 2026, a 50% premium to SkyAI's $1.42 close that day. The proposal is non-binding and depends on due diligence, a definitive agreement, regulatory approvals and SkyAI stockholder approval, and Forward has asked for a board response by September 25, 2026.
Fixed exchange ratio of 0.306 Forward shares per SkyAI share, implying $2.13 per SkyAI share at Forward's $6.95 close on September 14, 2026.
Implied price is a 50% premium to SkyAI's $1.42 closing price on September 14, 2026.
SkyAI stockholders could elect cash, Forward common stock, or a combination of the two.
Forward requested a SkyAI board response by 5:00 p.m. Eastern time on September 25, 2026; the proposal is non-binding.
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