Question 1

What did Forward Industries offer Solana Company shareholders?

Accepted Answer

Forward proposed an all-stock deal at 0.386 Forward shares per HSDT share, valuing each HSDT share at approximately $1.63, a 10% premium over the prior closing price. Solana Company's board voted to reject the offer without engaging in further discussion.

Question 2

How much has Forward Industries lost on its Solana holdings?

Accepted Answer

Forward spent roughly $1.59 billion acquiring 6.83 million SOL at an average cost of $232 per token. With SOL trading near $66 in mid-June, the company's unrealized losses exceed $1 billion, according to blockchain data.

Question 3

Why is Forward Industries trying to acquire other Solana treasury companies?

Accepted Answer

Forward argues that smaller treasury companies face structural challenges from high fixed costs, lower yields, and limited investor interest in the current market. The company believes consolidation would create a larger, more liquid platform better positioned to deliver shareholder value and support the Solana ecosystem.

FWDI

Forward Industries gains nearly 20% riding 500K SOL acquisition momentum

Forward Industries sends acquisition bid to Solana Company in expansion push

One sharp brief.
Every day.

FWDI

Forward Industries gains nearly 20% riding 500K SOL acquisition momentum

Forward Industries sends acquisition bid to Solana Company in expansion push

One sharp brief.Every day.

One sharp brief.
Every day.