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Solmate Signs Non-Binding Term Sheet For Business Combination With RockawayX In All-Stock Transaction; Terms Not Disclosed; Deal Expected To Close In H1 2026

Benzinga·12/04/2025 13:57:10
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Strategic Combination would Combine Solmate's Capital Markets Access with RockawayX's Expertise in Infrastructure, Liquidity and Asset Management

Solmate Infrastructure ("Solmate") ((Brera Holdings PLC, NASDAQ:SLMT), the Solana infrastructure company with a strategic focus on Abu Dhabi, today announced the signing of a non-binding term sheet for a business combination with RockawayX. This would mark a transformation from a passive digital asset treasury to an integrated infrastructure, liquidity and asset management business.

Transaction Highlights

  • Solmate would purchase all of the equity of RockawayX in an all-stock transaction, forming a crypto enterprise that integrates infrastructure, liquidity and asset management under one unified entity
  • The combined entity would continue to trade under the ticker SLMT on the Nasdaq
  • Marco Santori continues as Solmate CEO, overseeing the unified infrastructure and treasury strategy
  • Viktor Fischer would continue as CEO of the RockawayX subsidiary and would become Executive Chairman of Solmate upon closing
  • Jakub Havrlant, the CEO and founder of Rockaway Capital would join Solmate's board
  • Transaction expected to close in the first half of 2026, subject to the execution of final binding documents, customary regulatory and shareholder approvals, and satisfaction of closing conditions