Solana Treasury Firms Reject Forward Industries Acquisition Push

Solana treasury companies are resisting acquisition attempts by Forward Industries, with two firms rejecting proposed combinations and a third allowing its offer to expire without responding.Forward said Monday that Solana Company (HSDT), formerly Helius Medical Technologies, rejected an all-stock proposal that would have given its shareholders 0.386 newly issued Forward shares for each HSDT share. According to Forward, the offer valued HSDT at $1.63 per share.“On June 12th, HSDT responded that its board voted to…

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Illinois Governor Signs Illinois Budget Including Crypto Tax

Illinois Governor JB Pritzker signed a $55.9 billion state budget bill into law on Tuesday, including a 0.2% “privilege tax” on crypto transactions, despite calls from crypto industry groups urging him to veto the provision.In a letter addressed to Pritzker ahead of the signing on Tuesday, the Crypto Council for…