Networknewsbreaks Forward Industries, Inc. (NASDAQ: FWDI) Urges Skyai Shareholders To Oppose Equity Plan, Withhold Votes On Director Nominees
Forward is asking shareholders to vote against the proposed equity incentive plan, which would authorize 5,145,000 additional shares for equity awards, representing approximately 7.2% additional dilution, and withhold votes on all five director nominees. Forward noted that the equity plan can be defeated by a majority of votes cast against it, while SkyAI's uncontested plurality voting structure means individual director nominees cannot be defeated solely through withhold votes. Forward said it remains confident in the strategic rationale for a combination with SkyAI and is prepared to engage regarding a potential strategic transaction.
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About Forward Industries
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 .
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