The non-binding proposal valued the second largest public Solana holder at a 10% premium, but Forward said the company declined without further talks.
Forward said Solana Company, described as the second largest public Solana holder, rejected its non-binding acquisition proposal. The offer valued $HSDT at $1.63 per share, representing a 10% premium, but Forward said the company declined the approach without entering further discussions. The episode points to continued corporate interest in publicly listed firms with sizable Solana exposure, as investors track listed vehicles tied to major crypto holdings.