TL;DR:
- Solmate, a Solana-focused infrastructure and treasury firm, formally accuses the CEO of RockawayX of damaging shareholder value.
- The legal dispute involves a lawsuit in Delaware and regulatory filings submitted to the Securities and Exchange Commission (SEC).
- The failed acquisition attempt collapsed in February 2026 after financial discrepancies were detected during internal audits.
This Wednesday, it was revealed that Solmate, a treasury and infrastructure company focused on Solana, accused RockawayX Chief Executive Officer Viktor Fischer of leading a campaign that harmed shareholder value.
We are currently engaged in a critical effort to protect the company and its shareholders from what we believe is a fraudulent campaign by the RockawayX Managing Partner and CEO, Viktor Fischer, aimed at exploiting the company and its assets for personal gain. What began as an…
— Solmate $SLMT (@Solmate) June 24, 2026
The firm detailed that it is defending corporate interests against what it characterizes as a fraudulent effort by Fischer and his group. Solmate claims the conflict began as an attempt to extract approximately $200 million through a proposed transaction.
Legal Escalation Before US Regulators
The most recent allegations complement a notification previously filed with the United States Securities and Exchange Commission (SEC). According to a lawyer’s letter dated June 12, 2026, the company’s legal representatives allege that RockawayX and its affiliates may have acted in a coordinated manner to influence or gain control of the entity.
The documentation questions whether market investors received adequate information regarding the formation of a group under Section 13(d) of US federal securities laws. Legal advisors emphasized the temporal coincidence of several strategic events.
According to the SEC document, affiliates linked to RockawayX attempted to replace the board of directors before receiving an unsolicited buyout proposal from Forward Industries. The official filing highlights that investment ties already existed between Forward Industries and RockawayX through OnRe.
Origin of the Corporate Collapse
The litigation includes a lawsuit filed in the state of Delaware directly against RockawayX, RockawayX Holding, and Fischer. Background information indicates that Solmate evaluated the acquisition of the firm in late 2025, announcing a preliminary non-binding agreement in December of that year.
The lawsuit alleges that the financial materials presented showed a digital asset business with robust growth that justified a high acquisition valuation. Projections estimated by the counterparty suggested stable and recurring operating margins.
Internal audits conducted revealed that the projected profitability depended on speculative future revenue streams. Internal reports add that the financial statements included unrealized investment valuations and assumptions that overestimated regular operating performance.
These detected discrepancies caused the acquisition negotiations to definitively collapse in February 2026. At the time of writing this report, neither RockawayX nor its CEO had issued official public statements in response to the accusations presented by Solmate. The case will remain under review in the Delaware courts over the coming weeks.
