Solmate plans to acquire 100% equity of RockawayX through an all-stock transaction, transforming into an integrated crypto business group.

On 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-based enterprise passively managing digital assets to an integrated crypto business group encompassing infrastructure, liquidity, and asset management. Solmate will acquire all of RockawayX’s equity through an all-stock transaction, creating a crypto enterprise that integrates infrastructure, liquidity, and asset management within one system. The merged entity will continue to trade on NASDAQ under the ticker symbol “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 the fulfillment of closing conditions.