Mergers & Acquisitions · GlobeNewswire

Rejects Forward Industries' $1.48-per-share acquisition offer

HSDTSolana Co

Solana Company's Board of Directors unanimously rejected a non-binding proposal from Forward Industries received on June 4, 2026, to acquire the company in an all-stock business combination valued at $1.48 per share. The board concluded the proposal substantially undervalued the company and was not in its best interests. Solana Company (NASDAQ: HSDT) is a listed digital asset treasury dedicated to acquiring and holding Solana tokens.