Solmate is planning to acquire all the shares of RockawayX through a full-stock transaction, transforming into an integrated crypto business group.

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

Solmate will acquire all the shares of RockawayX through an all-stock purchase, creating a crypto enterprise that integrates infrastructure, liquidity, and asset management under one system. The merged entity will continue to trade on Nasdaq under the symbol "SLMT." The transaction is expected to be completed in the first half of 2026, subject to the execution of a final binding agreement, obtaining relevant regulatory and shareholder approvals, and meeting closing conditions.