Forward Industries Seeks to Acquire Solana Treasury Firms SkyAI and Solana Company at 10-20% Premiums

SOL-2.44%
SKYAI-19.78%
SKYA-0.31%
According to The Block, on June 16, Nasdaq-listed Forward Industries is seeking to acquire Solana digital asset treasury companies SkyAI (SKYA) and Solana Company (HSDT) through all-stock mergers, offering premiums of approximately 10% and 20% respectively. Solana Company rejected the initial offer, while SkyAI did not respond. The moves come as smaller SOL treasury firms face pressure, with some struggling amid market challenges and facing expensive liquidation risks.
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