Forward Industries makes all-stock bid for Brera Holdings at 1.54-to-1 share exchange ratio

Brera Holdings PLC Class B

SLMT

0.00

Madrona International ETF

FWDI

0.00

Forward Industries proposed an all-stock acquisition of Brera Holdings on June 1, offering 1.54 newly issued Forward shares per Brera share.
The terms imply about $7.19 per Brera share, a roughly 30.7% premium to the 10-day VWAP through June 1.
Brera’s board rejected the approach on June 6, declining to enter discussions.
The proposal used June 1 closing prices of $4.66 for Forward stock and $5.5 for Brera shares.
Forward must decide by July 21 whether to proceed with a formal offer or walk away.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Forward Industries Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202606091630PRIMZONEFULLFEED9734394) on June 09, 2026, and is solely responsible for the information contained therein.

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