Forward Industries Proposes to Acquire Brera Holdings PLC in All-Stock Deal
Forward Industries, Inc. announced it made an indicative, non-binding proposal on June 1, 2026, to acquire Brera Holdings PLC (SLMT) in an all-stock transaction. The offer proposed 1.54 shares of Forward Industries common stock for each SLMT share, representing a 30.7% premium. However, SLMT's board rejected the proposal on June 6, 2026, deeming it not in the company's best interest. Forward Industries expressed disappointment and hopes for further dialogue, believing the combination would create value for SLMT shareholders.
Key Highlights
- Forward Industries made an indicative, non-binding proposal to acquire Brera Holdings PLC (SLMT) on June 1, 2026.
- The proposal offered SLMT shareholders 1.54 shares of Forward Industries common stock for each SLMT share.
- This offer represents a premium of approximately 30.7% to SLMT's volume-weighted average closing price over the ten trading days ended June 1, 2026.
- SLMT's board of directors rejected the proposal on June 6, 2026, stating it was not in the best interest of the company.
- Forward Industries believes the proposal is in SLMT's best interest and hopes for further discussion.
- Forward Industries is a Solana treasury company with the largest Solana treasury globally.
Price Impact
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