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Ahmed Barakat

Forward Industries fails in three all-stock bids to buy Solana-focused rivals

Forward Industries’ all-stock acquisition proposals for three rival Solana treasury firms were rejected or went unanswered. The company is left holding more than 7 million SOL bought at an average price well above current market levels, with no completed deal to show for the M&A push. The targets—Solana Company, Brera Holdings and SkyAI—each declined to accept FWDI equity as consideration.
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