[Forward Industries' Proposal to Acquire Solana Company's Parent Company HSDT Rejected] According to The Wall Street Journal, Forward Industries (NASDAQ: FWDI) has confirmed that it submitted a non-binding all-stock business combination proposal to the board of Helius Medical Technologies (HSDT), the parent company of Solana Company. On June 12, the HSDT board voted to reject the offer and stated that it would not engage in further discussions regarding the transaction. Forward expressed being 'disappointed and surprised' by the decision, emphasizing that initiating dialogue would be in the best interests of both companies and their shareholders. The proposal was of an indicative nature, with specific valuation, exchange ratios, and subsequent plans yet to be disclosed.