Solana Treasury Firm Forward Industries Keeps Trying to Acquire Rivals—But Nobody's Biting
Key takeaways
- “We are disappointed and surprised that the HSDT board has chosen to reject Forward’s offer without any discussion or communication,” the firm wrote Monday of its latest rejection.
- Last week, Brera’s board similarly rejected the proposal without engaging the firm.
- In each case, Forward indicated that it believed a pairing would improve the standing for shareholders of the respective parties, while also strengthening the Solana ecosystem.
Solana Treasury Firm Forward Industries Keeps Trying to Acquire Rivals—But Nobody's Biting Logan Hitchcock Tue, June 16, 2026 at 12:30 AM GMT+7 2 min read SOL-USD SLMT HSDT Forward Industries, the largest publicly traded Solana treasury company, was rejected on unsolicited takeover bids for competing SOL-accumulating firms the Solana Company and Brera Holdings, the firm announced.
The proposals sought all-stock business combinations, with shareholders of both Solana Company (HSDT) and Brera Holdings (SLMT) respectively set to receive shares of Forward Industries (FWDI), should the proposals have been accepted.
“We are disappointed and surprised that the HSDT board has chosen to reject Forward’s offer without any discussion or communication,” the firm wrote Monday of its latest rejection. “We believe that opening up a dialogue is in the best interest of both companies and their respective shareholders.”