Forward Industries recently attempted to consolidate control over several prominent Solana treasury firms through a string of acquisition proposals. The strategic move, aimed at centralizing oversight, was met with immediate pushback from the ecosystem.
Two of the targeted firms have formally declined the acquisition offers. Leadership at these organizations cited a misalignment between Forward Industries' long-term roadmap and their own decentralized governance structures.
A third acquisition proposal included in the batch reached its expiration date without receiving a formal response from the prospective target. This silence suggests a deliberate effort to ignore the unsolicited bid rather than engage in potential buyout negotiations.
Market analysts are watching the situation closely to see if Forward Industries will adjust its tactics or abandon its push for consolidation. For now, the Solana-based firms appear committed to maintaining their operational independence.
