Solana board rejects Forward Industries takeover proposal valuing shares at $1.48

Solana Company Class A

Solana Company Class A

HSDT

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  • Solana’s board unanimously rejected Forward Industries’ unsolicited, non-binding all-stock proposal received June 4, 2026.
  • The offer valued the company at USD 1.48 per share in a proposed business combination.
  • Directors concluded the proposal substantially undervalued Solana, citing stockholder interests as the basis for the decision.
  • Stockholders were told no action is required at this time.


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. Solana Company published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202606160730PRIMZONEFULLFEED9747667) on June 16, 2026, and is solely responsible for the information contained therein.

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