TechFlow News, June 15: According to The Wall Street Journal, Forward Industries, Inc. (NASDAQ: FWDI) announced on June 15 that it had submitted a non-binding proposal to Solana Company’s Board of Directors regarding an all-stock business merger.
However, on June 12, HSDT responded that its Board of Directors voted to reject Forward’s proposal and elected not to pursue further discussions. Forward Industries stated it was disappointed and surprised by the rejection without prior dialogue and emphasized that initiating discussions would be in the best interests of both companies and their shareholders.


