MergerJun 16, 2026, 07:31 AM
Solana Co Rejects Forward Industries' $1.48/Share Acquisition Proposal
AI Summary
Solana Company's Board of Directors unanimously rejected an unsolicited, non-binding proposal from Forward Industries, Inc. to acquire the Company. The all-stock business combination was valued at $1.48 per Solana share. The Board concluded that the proposal substantially undervalues the Company and was not in the best interests of its stockholders.
Key Highlights
- Solana Co's Board unanimously rejected the acquisition proposal.
- Proposal received on June 4, 2026, from Forward Industries, Inc.
- All-stock business combination valued at $1.48 per Solana share.
- Board concluded the proposal substantially undervalues the Company.
- Solana Co is a digital asset treasury focused on acquiring SOL tokens.
Price Impact
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