Solmate Infrastructure (Nasdaq: SLMT) disclosed a non-binding letter of intent with RockawayX, signaling a strategic pivot from a treasury-style digital asset manager to an integrated crypto group spanning infrastructure, liquidity, and asset management.
As contemplated, Solmate will pursue an all-stock acquisition of RockawayX, forming a unified crypto enterprise that will operate under one platform and continue trading on Nasdaq under the ticker SLMT. The transaction remains subject to a final binding agreement and standard regulatory and shareholder approvals.
Management expects the closing in the first half of 2026, contingent on the execution of a definitive agreement and receipt of required approvals. The merger aims to enhance end-to-end crypto services by integrating infrastructure, liquidity, and asset management within a single corporate framework.
Source: https://en.coinotag.com/breakingnews/solmate-infrastructure-to-merge-with-rockawayx-nasdaq-listed-slmt-to-build-a-solana-inspired-crypto-infrastructure-liquidity-and-asset-management-platform
