Material Event (Form 8-K)

Item 8.01 Other Events.

SkyAI, Inc., a Nevada corporation (the "Company") previously announced that its Board of Directors (the "Board") formed a special committee consisting solely of independent directors (the "Special Committee") to review and evaluate an unsolicited, non-binding proposal (the "Proposal") from Forward Industries, Inc. ("Forward") regarding a potential all-stock business combination. Following its review and evaluation, both the Special Committee and the Board unanimously concluded that the Proposal was not in the best interests of the Company's shareholders and that the Company is not pursuing a transaction at this time.