$FWDI

Forward Industries (FWDI) raised its offer to acquire SkyAI to $2.13 per share, a 50% premium over SkyAI's September 14 closing price. The deal can be paid in cash, stock, or a mix. FWDI shares fell 5% to $6.60, while SkyAI shares dropped 4% to $1.35.

SkyAI (SKYA) rejected an all-stock acquisition proposal from Forward Industries (FWDI), citing better standalone prospects. The company holds over 2M SOL as its primary treasury asset, generating $12M in staking revenue. SkyAI reported $12.1M in cash, no debt, and a 6.01% annualized gross yield on its Solana validator. The board recommends shareholders vote for its director nominees and 2026 Equity Incentive Plan at the upcoming annual meeting.

Forward Industries reported a 319% revenue increase to $13M in Q1, driven by staking income from its Solana (SOL) holdings. However, it recorded a $283.1M net loss due to a $201.7M loss on digital assets and a $85.1M impairment charge. SOL fell 33.7% during the quarter. The company secured a $40M loan from Galaxy Digital and completed a share repurchase. Shares fell 0.8% in after-hours trading on May 14.

Cantor Fitzgerald upgraded Block (XYZ) to 'Buy' and raised price targets for Sharplink Gaming (SBET), Forward Industries (FWDI), and Bitmine Immersion Technologies (BMNR). Morgan Stanley initiated coverage on Coinbase (COIN) with an 'Equal Weight' rating. Block's stock rose 0.3%, while SBET, FWDI, and BMNR gained over 1%. COIN stock edged up 0.4%. U.S. producer prices rose 0.4% in August, ahead of the CPI report.

B. Riley Securities maintained a 'Buy' rating for Forward Industries (FWDI) and raised its price target to $9.00 from $7.00. The company's GF Value™ suggests it is 3572.2% overvalued, with a GF Score™ of 37/100. FWDI designs and distributes protective solutions for electronic devices, with a market cap of $488.13 million.

Premarket trading on Friday shows significant moves in several stocks. RFAI surged 489% to $75.00, SUGP rose 46% to $4.04, and USDE climbed 18% to $4.72. Conversely, DFNS dropped 18% to $20.05, OSIS fell 15% to $186.47, and OPHC declined 11% to $8.21. These early swings may indicate momentum for the regular trading session.

Forward Industries (FWDI) reported Q3 2026 revenue of $10.8M, up from $2.5M YoY, driven by Solana (SOL) staking. SOL holdings rose to 7.55M, with SOL per share up 9%. Net loss was $69M due to non-cash digital asset charges. Management focused on treasury growth and share repurchases. Investors should watch SOL per share growth, ecosystem investments, and volatility tolerance.

Forward Industries (FWDI) reported Q3 2026 revenue of $10.8M, up 332% YoY, driven by staking and treasury income. The company holds 7.6M SOL tokens, with a net loss of $69M due to digital asset valuation losses. FWDI repurchased 2.5M shares and has $105M in institutional debt. SOL per share grew 9% sequentially to 0.073. The company aims to consolidate the digital asset treasury sector and was added to the Russell 2000 and 3000 indices.

Forward Industries (FWDI) shares fell about 6% to $4.14 after Q3 results. The company reported Q3 net loss of $69.0m on revenue of $10.8m, with most losses from digital asset results and Solana-related impairments. Solana holdings rose to 7.8m SOL by early August, while cash was $11.0m and debt $105m.

Forward Industries, Inc. (FWDI) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Forward Industries Reports Fiscal Third Quarter 2026 Financial and Operating Results Management to Host Conference Call Today at 5:00 p.m. Eastern Time AUSTIN, TX, August 12, 2026 – Forward Industries, Inc. (NASDAQ: FWDI) (the “Company” or “Forward”), the leading Sol