Foresight News|Jun 02, 2026 12:53
SOL Strategies completes acquisition of Houdini Swap for a total price of $18 million
According to Foresight News, digital asset infrastructure company SOL Strategies has announced the completion of its acquisition of the non custodial cross chain swap aggregation protocol HoudiniSwap for a total purchase price of $18 million, to be paid in cash and a combination of the company's common stock. \This acquisition was first disclosed on May 4, 2026. According to the delivery terms, SOL Strategies will pay $7 million in cash and $4 million in common stock (a total of 2812301 shares) at the time of delivery. The remaining $5.75 million will be paid in cash on December 1, 2026, with an additional $1.25 million in compensation to be paid over 18 months, and a maximum of $10 million in two-year profitability payment terms. The cash portion is financed through Solana's centralized financial protocol on the chain, without utilizing the treasury SOL.
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