Announcing Forward’s Letter of Intent to Brera Holdings PLC (SLMT)
Forward Industries (FWDI) announced it sent a non-binding proposal to acquire Brera Holdings PLC (SLMT) in an all-stock transaction valued at 1.54 FWDI shares per SLMT share, representing a 30.7% premium. The board of SLMT rejected the proposal on June 6, 2026, stating it was not in the best interest of the company, and refused to engage in discussions with Forward.
Key figures
- Exchange ratio
- 1.54
- Premium percentage
- 30.7%
- Fwdi treasury shares
- 13316224
- Fwdi shares outstanding
- 73753241
- Implied value per slmt share
- $7.19
AI analysis
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