SkyAI, Inc. 8-K

What Happened
SkyAI, Inc. (SKYA) filed an 8-K on July 17, 2026, announcing that its Board formed a Special Committee of independent directors to review an unsolicited, non‑binding all‑stock proposal from Forward Industries, Inc. After review, the Special Committee and the full Board unanimously concluded the proposal was not in shareholders’ best interests and the Company is not pursuing a transaction at this time.

Key Details

• The proposal was unsolicited and non-binding, submitted by Forward Industries, Inc.
• The Board created a Special Committee composed solely of independent directors to evaluate the Proposal.
• Both the Special Committee and the Board unanimously determined the Proposal was not in the best interests of shareholders.
• Filing date: July 17, 2026 (Form 8-K disclosure of Other Events, Item 8.01).

Why It Matters
This disclosure confirms SkyAI’s board considered and formally rejected a potential all‑stock business combination, so investors should not expect a near‑term transaction with Forward as a result of that Proposal. The decision signals the board’s current view that the unsolicited offer did not provide sufficient value or alignment with shareholder interests; it also clarifies that the company is not pursuing that particular deal at this time.