Form 8-K

8-K — Forward Industries, Inc.

Accession: 0001683168-26-007172

Filed: 2026-09-15

Period: 2026-09-15

CIK: 0000038264

SIC: 6199 (FINANCE SERVICES)

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — forward_8k.htm (Primary)

EX-99.1 — PRESS RELEASE (forward_ex9901.htm)

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

______________

FORM 8-K

______________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities

Exchange Act of 1934

Date of Report (Date of earliest event

reported): September 15, 2026

Forward Industries, Inc.

(Exact name of registrant as specified in its charter)

Texas

001-34780

13-1950672

(State or Other Jurisdiction

(Commission

(I.R.S. Employer

of Incorporation)

File Number)

Identification No.)

111 Congress Avenue, Suite 500

Austin, Texas

78701

(Address of Principal Executive Office) (Zip Code)

(512)

256-9040

(Registrant’s telephone number, including

area code)

Check the appropriate box below if the Form 8-K

filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b)

of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.01 per share

FWDI

The NASDAQ Capital Market

Indicate by check mark whether the registrant

is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities

Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company

☐

If an emerging growth company, indicate by check

mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting

standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01. Regulation FD Disclosure.

On September 15, 2026, Forward Industries, Inc.

(the “Company”) issued a press release announcing its updated proposal to acquire SkyAI, Inc. A copy of the press release

is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

The information in this Item 7.01, including Exhibit

99.1 attached hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange

Act of 1934 (the “Exchange Act”), or otherwise subject to the liabilities of that section. The information in this Item 7.01

and Exhibit 99.1 shall not be incorporated by reference into any filing under the Securities Act of 1933, or the Exchange Act, except

as shall be expressly set forth by specific reference in such a filing.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.

Exhibit Description

99.1

Press Release, dated September 15, 2026 (furnished herewith)

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities

Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

FORWARD INDUSTRIES, INC.

Date: September 15, 2026

By:

/s/ Michael Pruitt

Name: Michael Pruitt

Title: Interim Chief Executive Officer

EX-99.1 — PRESS RELEASE

EX-99.1

Filename: forward_ex9901.htm · Sequence: 2

Exhibit 99.1

Forward Industries Announces Updated Proposal to Acquire SkyAI, Inc.

Proposal reflects a 50% premium to SkyAI’s closing price on September

14, 2026. SkyAI stockholders may elect cash or Forward common stock, or any combination of the two.

AUSTIN, Texas, Sep 15, 2026 (Globe Newswire) --

Forward Industries, Inc. (NASDAQ: FWDI) (the “Company” or “Forward”), the leading Solana treasury company, today announced

that it has delivered a letter to the Board of Directors of SkyAI, Inc. proposing to acquire all of SkyAI’s issued and outstanding common

stock.

Under the proposal, SkyAI stockholders would receive

cash and/or shares of Forward common stock, at each holder’s election. Each SkyAI share would be converted into the value of 0.306 Forward

shares, a fixed exchange ratio that would not adjust for changes in the trading price of either company’s common stock. Based on

the closing price of $6.95 per Forward share on September 14, 2026, the ratio implies consideration of $2.13 per SkyAI share, a 50% premium

to SkyAI’s closing price of $1.42 on the same date. Forward has proposed to effect the transaction as a merger or other tax-efficient

combination as the parties may mutually agree.

“Our updated offer reflects our conviction

in the value this combination can create,” said Ryan Navi, CIO of Forward Industries. “Forward has a proven playbook and a

track record of execution that delivers value. SkyAI’s stockholders have waited long enough. We’re ready to move quickly -

the next step is for the Board to engage.”

Forward has requested a response from the SkyAI

Board by 5:00 p.m. Eastern time on September 25, 2026.

The proposal is non-binding and remains subject

to customary conditions, including completion of due diligence, the negotiation and execution of a definitive agreement, receipt of required

regulatory approvals, and approval by SkyAI’s stockholders. There can be no assurance that any transaction will be agreed or completed,

or that any definitive agreement will be entered into.

No Offer or Solicitation

This press release is for informational purposes

only. It does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor is it a solicitation of any vote

or approval, and there will be no sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior

to registration or qualification under the securities laws of any such jurisdiction. Any securities that may be issued in connection with

a transaction would be offered only by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as

amended, or an applicable exemption therefrom.

About Forward Industries, Inc.

Forward Industries, Inc. (NASDAQ: FWDI) is a Solana

focused digital asset treasury company, with the strategy to buy, hold, stake, trade, invest in, and grow SOL and SOL related digital

assets, protocols and businesses. Forward’s mission is to expand and strengthen the Solana ecosystem by acquiring and staking SOL

and engaging with, providing tools to and investing in the Solana network, Solana developers and Solana related projects in order to increase

shareholder value. In connection with a private placement transaction in September 2025, Forward launched a digital asset treasury strategy

supported by industry leading investors and operating partners including Galaxy Digital and Jump Crypto. For more information on the Company’s

Solana treasury strategy, visit www.forwardindustries.com.

Forward Looking Statements

This press release includes forward-looking statements

within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as

amended. These forward-looking statements generally can be identified by the use of words such as “anticipate,” “expect,”

“plan,” “could,” “may,” “will,” “believe,” “estimate,” “forecast,”

“goal,” “project,” and other words of similar meaning. These forward-looking statements address various matters including

statements relating to the proposed transaction with SkyAI, Inc., the Company’s plan for value creation and strategic advantages, market

size and growth opportunities. Each forward-looking statement contained in this press release is subject to risks and uncertainties that

could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties

include, among others, the risk that the proposed transaction is not agreed, is delayed, or is not completed on the terms described or

at all; the risk that the SkyAI Board does not engage with the Company; failure to realize the anticipated benefits of the proposed transaction

or of the Company’s digital asset treasury strategy; changes in business, market, financial, political and regulatory conditions; risks

relating to the Company’s operations and business, including the highly volatile nature of the price of Solana and other cryptocurrencies;

the risk that the price of the Company’s common stock may be highly correlated to the price of the digital assets that it holds; risks

related to increased competition in the industries and markets in which the Company does and will operate (including the applicable digital

assets market); risks relating to significant legal, commercial, regulatory and technical uncertainty regarding digital assets generally;

risks relating to the treatment of crypto assets for U.S. and foreign tax purposes; as well as those risks and uncertainties identified

in the Company’s filings with the Securities and Exchange Commission. The forward-looking statements in this press release speak only

as of the date of this document, and the Company undertakes no obligation to update or revise any of these statements.

Contacts

Media Contact comms@forwardindustries.com

Investor Relations Contact ir@forwardindustries.com

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