Solana Company's Board of Directors Rejects Acquisition Offer from Forward Industries
**Forward Industries Confirms Non-Binding Acquisition Proposal for Solana’s HSDT; Target Board Rejected Offer Earlier**
June 15 (Bloomberg) — Forward Industries, a treasury affiliate of Solana, confirmed Thursday it has submitted a non-binding acquisition proposal to the board of directors of Solana Inc. (ticker: HSDT), another treasury-linked firm within the Solana ecosystem. The proposal outlines a stock-for-stock business merger, with the stated aim of advancing operational integration between the two entities. Forward emphasized that initiating formal discussions would be mutually beneficial for both companies and their shareholders.
However, HSDT’s board voted on June 12 to reject the acquisition proposal, noting it will not engage in any further talks on the matter. Forward stated it is “disappointed and surprised” by the decision, and reiterated its hope that the two parties can reopen communication regarding the merger.
Analysts view this development as a reflection of growin
1 seconds ago
Spot Gold Breaks $4350 per Ounce, Up 3.16% Intraday
On June 15, Bitget market data shows gold’s spot price surged past $4,350 per ounce, up 3.16% intraday; silver’s spot price reached $71.08, gaining 4.57% intraday.
1 seconds ago
Anthropic Faces Lawsuit: Accused of Overinflating AI Subscription Prices with "Usage Quotas"
June 15 — The Wall Street Journal (WSJ) reports that AI startup Anthropic is hit with a federal lawsuit accusing the company of “Usage Quota Deception” in its premium-priced Claude subscription plan.
The lawsuit was filed by Karl Kahn, a Washington D.C.-based user, and seeks class-action status covering all customers who purchased Anthropic’s relevant services starting last April.
Kahn alleges Anthropic overstated or misled users about actual usable usage limits and restrictions in its top-tier monthly packages — specifically the “Max 5x” and “Max 20x” plans — claims that allegedly swayed users’ purchasing decisions.
The case remains in its early procedural phase and has not advanced to substantive litigation. Anthropic has not yet issued a public response to the allegations.
Analysts note that if the case moves forward as a full class-action, it could draw heightened market scrutiny on “Compute Quota Transparency” for AI subscription products and potentially trigger regulatory pre
1 seconds ago
Standard Chartered Bank Says "Crypto Winter is Over," Three Major Market Suppression Factors Simultaneously Alleviated
June 15 — Geoff Kendrick, Digital Asset Research Director at Standard Chartered Bank, wrote in a recent report that Bitcoin fell to roughly $59,000 in early June, hitting the bottom of its current cycle, and declaring, “the crypto winter is over, with the market now entering a crypto spring phase.”
The institution has set a year-end price target of $100,000 for Bitcoin and expects Ethereum to outperform Bitcoin over this ongoing uptrend cycle.
The report identifies three major factors that previously weighed on the crypto market, all of which are easing simultaneously: liquidity pressure from SpaceX’s initial public offering (IPO), geopolitical risk premiums tied to U.S.-Iran tensions, and persistent outflows from exchange-traded funds (ETFs).
Specifically, market liquidity is expected to ease now that SpaceX’s listing is complete; an emerging peace framework between the U.S. and Iran is pushing oil prices lower; and Bitcoin ETFs are showing signs of inflows after weeks of consecuti
1 seconds ago
Broadcom Teams Up with Private Equity Giant to Bet on AI Computing Power, $35 Billion Platform Hides Credit Default Swap
June 15. Semiconductor powerhouse Broadcom has partnered with Apollo and Blackstone to launch the AI XPV Platform, with an initial $35 billion scale and a first-phase deployment of 1 gigawatt of computing power. The platform will operate out of a Fluidstack-run data center, targeting to deliver over 20 gigawatts of compute capacity to leading AI labs like Anthropic and OpenAI by 2028.
On the surface, this may look like a standard private equity infrastructure deal backed by Apollo and Blackstone to scale Anthropic’s computing resources. But The Information reveals Broadcom is taking on extraordinary risk behind the scenes: the chip giant has agreed to backstop the residual value of the chips. If Anthropic defaults and the chips are sold at a discount, Broadcom will cover the shortfall for senior noteholders. That makes the deal’s risk profile far steeper than a typical lease—Broadcom is essentially using its own credit to underwrite Anthropic’s compute power commitment.
This push boo
1 seconds ago
App Store
Profile
Security
Sign Out
Feeds
Articles
Source
Add to Favorites
Download image
Share x
Copy link
