Forward Industries is seeking to acquire the smaller SOL Treasury company.

CoinFeed reported on June 16th that, according to The Block, Nasdaq-listed Forward Industries (FWDI) is seeking to integrate Solana Digital Asset Treasury through an acquisition. The company plans to acquire SkyAI (SKYA) and Solana Company (HSDT) with an all-stock merger offer of approximately 10% and 20% premiums, respectively. Solana Company rejected the initial offer, and SkyAI did not respond. Forward's previous acquisition of Solmate was also rejected. Forward's Chief Investment Officer, Ryan Navi, stated that Forward is offering attractive terms to the smaller SOL DAT, including a premium for existing shareholders and opportunities to increase SOL exposure through a larger platform.