$HOSKY
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Orca Merges With Loopscale & Will Now Operate as "Formation," in Push to Finance AI, Robotics, and Defense Source: https://www.theblock.co/news/defi/2026-10-07-solanas-orca-merges-with-loopscale-push-to-finance-ai-robotics-defense-417924 Source: https://x.com/formation_so/status/2107965006578921623 Orca and Loopscale merge to build the capital formation and allocation network of the frontier economy, powered by tokenization and onchain finance. Today we're announcing the merger of Orca and Loopscale. The combined team will operate as Formation, headquartered in New York City and led by Loopscale co-founder Luke Truitt as CEO, with Mary Gooneratne as Chief Operating Officer and Christopher Montagano as Chief Strategy & Legal Officer.