Solana Company Board Rejects Forward Industries' Acquisition Offer BlockBeats News: On June 15th, SOL Treasury Company Forward Industries confirmed that it has submitted a non binding acquisition proposal to the board of directors of SOL Treasury Company Solana Company (HSDT), planning to merge its businesses through an all stock transaction. The company stated that the proposal aims to promote business integration between the two parties and believes that opening a formal dialogue is in the common interests of both companies and shareholders. However, the HSDT board of directors voted on June 12th to reject the acquisition offer and stated that there will be no further discussion on the proposal. Forward Industries expressed disappointment and surprise regarding this and reiterated their hope that both parties can resume communication. Analysis suggests that this incident reflects the ongoing divergence between capital integration and independent development paths among Solana ecosystem related enterprises, and it remains to be seen whether there will be renegotiation or other capital actions in the future. [Original link]