Solana Company(HSDT)Earnings, Financials & Key Ratios

PHILADELPHIA, June 30, 2026 (GLOBE NEWSWIRE) -- Solana Company (Nasdaq: HSDT) (the “Company”), a publicly listed digital asset treasury, infrastructure, and services company providing institutional access to the Solana ecosystem, today announced the signing of a Memorandum of Understanding (“MoU”) with the Administration of Alatau City to establish a strategic blockchain partnership and support Alatau City's development as the leading international center for digital asset, fintech, and blockchain activity in Central Asia. Alatau City is Kazakhstan's future-oriented urban center that prioritizes sustainability, technological innovation, and green growth.

NEWTOWN, Pa., June 16, 2026 (GLOBE NEWSWIRE) -- Solana Company (NASDAQ: HSDT) (the “Company” or “Solana”), a publicly listed company that has expanded its business to include a digital asset treasury dedicated to acquiring and holding Solana tokens (“SOL”), today confirms that its Board of Directors (the “Board”) has unanimously rejected the unsolicited, non-binding proposal it received on June 4, 2026  from Forward Industries, Inc. (“Forward”) to acquire the Company in an all-stock business combination valued at $1.48 per Solana share.

AUSTIN, TX, June 15, 2026 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ: FWDI) today confirms that it made a non-binding proposal to the Board of Directors of Solana Company regarding an all-stock business combination. On June 12th, HSDT responded that its board voted to decline Forward's offer and chose to not engage in further discussion. We are disappointed and surprised that the HSDT board has chosen to reject Forward's offer without any discussion or communication. We believe that opening up a dialogue is in the best interest of both companies and their respective shareholders.