Solmate (Nasdaq: SLMT) Announces Term Sheet to Acquire RockawayX, Creating Institutional Crypto Giant with Over $2 Billion in Combined AUM and Third-party Stake

Core Insights - Solmate Infrastructure has signed a non-binding term sheet for a business combination with RockawayX, indicating a strategic shift towards becoming an integrated infrastructure, liquidity, and asset management business [1] Transaction Highlights - The transaction involves Solmate purchasing all of the equity of RockawayX, marking a significant transformation from a passive digital asset treasury [1]