The Block (@TheBlockCo): THE BLOCK: Forward Industries is making a second run at acquiring Solana treasury firm SkyAI, offering $2.13 per share in cash and/or stock — a 50% pr…
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THE BLOCK: Forward Industries is making a second run at acquiring Solana treasury firm SkyAI, offering $2.13 per share in cash and/or stock — a 50% premium to Friday’s close. However, its new 0.306 FWDI exchange ratio is 16.6% lower than the 0.367 ratio offered in June. This comes as $SKYA shares have risen just 9% since the first offer, compared with a 42% jump for $FWDI .