SOLANA Company rejects Forward Industries' $1.48-per-share buyout bid
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Solana Company Board Unanimously Rejects Unsolicited Forward Industries Proposal
June 16, 2026 7:30 AM EDTNEWTOWN, Pa., June 16, 2026 (GLOBE NEWSWIRE) -- Solana Company (NASDAQ: HSDT) (the Company or Solana), a publicly listed company that has expanded its business to include a digital asset treasury dedicated to acquiring and holding Solana tokens (SOL), today confirms that its Board of Directors (the Board) has unanimously rejected the unsolicited, non-binding proposal it received on June 4, 2026 Â from Forward Industries, Inc. (Forward) to acquire the Company in an all-stock business combination valued at $1.48 per Solana share.
After careful consideration, the Board unanimously concluded that the Forward proposal substantially undervalues the Company. Accordingly, the Board... More
