Forward Industries says Solana Company rejects its all-stock acquisition offer

Madrona International ETF

Madrona International ETF

FWDI

0.00
  • Forward Industries made a non-binding all-stock proposal to combine with Solana Company, offering 0.386 new Forward shares per HSDT share.
  • HSDT’s board voted on June 12 to reject the offer and end discussions.
  • The proposal implied a value of $1.63 per HSDT share, a roughly 10% premium to HSDT’s prior close of $1.48.


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: 202606150905PRIMZONEFULLFEED9746967) on June 15, 2026, and is solely responsible for the information contained therein.

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.