Solmate plans to acquire 100% of RockawayX's shares through an all-stock deal, transforming into an integrated crypto business group.

BlockBeats News, December 5, according to businesswire, Solana infrastructure company Solmate Infrastructure (NASDAQ: SLMT) announced that it has signed a non-binding letter of intent for a business merger with RockawayX, marking the company's transformation from a treasury-type enterprise passively managing digital assets to an integrated crypto business group encompassing infrastructure, liquidity, and asset management.

Solmate will acquire all equity of RockawayX through an all-stock acquisition, creating a crypto enterprise that integrates infrastructure, liquidity, and asset management within the same system. The merged entity will continue to trade on NASDAQ under the ticker "SLMT". The transaction is expected to be completed in the first half of 2026, subject to the signing of definitive binding documents, obtaining relevant regulatory and shareholder approvals, and fulfillment of closing conditions.