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SOLANA Company rejects Forward Industries' $1.48-per-share buyout bid

Tue, 16 Jun 2026 07:30:57 -0400

Solana Company (NASDAQ: HSDT) said its board of directors unanimously rejected an unsolicited, non-binding acquisition proposal from Forward Industries, Inc., according to a press release dated June 16, 2026.

Forward Industries submitted the proposal on June 4, 2026, offering to acquire Solana Company through an all-stock business combination valued at $1.48 per share.

The board concluded that the proposal "substantially undervalues the Company" and determined it was not in the best interests of the company and its stockholders. No further action is required from Solana stockholders at this time.

Solana Company, based in Newtown, Pa., describes itself as a digital asset treasury focused

SOLANA Company rejects Forward Industries' $1.48-per-share buyout bid

Tue, 16 Jun 2026 07:30:57 -0400

Forward Industries submitted the proposal on June 4, 2026, offering to acquire Solana Company through an all-stock business combination valued at $1.48 per share.

Solana Company, based in Newtown, Pa., describes itself as a digital asset treasury focused

Solana Company Board Unanimously Rejects Unsolicited Forward Industries Proposal

Tue, 16 Jun 2026 07:30:00 -0400

NEWTOWN, 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 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.

Solana Company Board Unanimously Rejects Unsolicited Forward Industries Proposal

Tue, 16 Jun 2026 07:30:00 -0400

After careful consideration, the Board unanimously concluded that the Forward proposal substantially undervalues the Company.

Solana Company Board Unanimously Rejects Unsolicited Forward Industries Proposal

Tue, 16 Jun 2026 07:30:00 -0400

After careful consideration, the Board unanimously concluded that the Forward proposal substantially undervalues the Company.

Solana Company Board Unanimously Rejects Unsolicited Forward Industries Proposal

Tue, 16 Jun 2026 07:30:00 -0400

After careful consideration, the Board unanimously concluded that the Forward proposal substantially undervalues the Company.

FORWARD Industries' all-stock bid for Solana Company rejected by board

Mon, 15 Jun 2026 21:21:12 -0400

Forward Industries, Inc. (NASDAQ: FWDI) confirmed it made a non-binding all-stock acquisition proposal to the board of Solana Company (NASDAQ: HSDT), which was declined on June 12 without discussion, according to a press release.

Under the proposal, HSDT stockholders would have received 0.386 newly issued shares of Forward common stock for each HSDT share, representing a premium of approximately 10% to HSDT's closing price of $1.48 on the day before the proposal was submitted, or $1.63 per share.

Forward said it was "disappointed and surprised" that the HSDT board rejected the offer without any communication, and stated it believes opening a dialogue

FORWARD Industries' all-stock bid for Solana Company rejected by board

Mon, 15 Jun 2026 21:21:12 -0400

Forward said it was "disappointed and surprised" that the HSDT board rejected the offer without any communication, and stated it believes opening a dialogue

Form 4 Solana Co For: Jun 02 Filed by: Jiang Cosmo Yi

Thu, 04 Jun 2026 20:12:00 -0400

si-local-file:///var/storage/secattach/20260604/26607335.html

Form 4 Solana Co For: Jun 02 Filed by: Jiang Cosmo Yi

Thu, 04 Jun 2026 20:12:00 -0400

si-local-file:///var/storage/secattach/20260604/26607335.html

Form 4 Solana Co For: Sep 18 Filed by: Jiang Cosmo Yi

Thu, 04 Jun 2026 20:11:00 -0400

si-local-file:///var/storage/secattach/20260604/26607334.html

Form 4 Solana Co For: Sep 18 Filed by: Jiang Cosmo Yi

Thu, 04 Jun 2026 20:11:00 -0400

si-local-file:///var/storage/secattach/20260604/26607334.html

Form 8-K Solana Co For: May 29

Fri, 29 May 2026 17:17:00 -0400

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Form 8-K Solana Co For: May 29

Fri, 29 May 2026 17:17:00 -0400

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Form 424B5 Solana Co

Fri, 29 May 2026 17:08:00 -0400

si-local-file:///var/storage/secattach/20260529/26576438.html

Form 424B5 Solana Co

Fri, 29 May 2026 17:08:00 -0400

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Form SD Solana Co

Fri, 29 May 2026 16:07:00 -0400

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Form SD Solana Co

Fri, 29 May 2026 16:07:00 -0400

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Form 4 Solana Co For: May 21 Filed by: Walter Blane