SOL News: Forward Industries Launches $4B ATM Offering to Expand Solana Treasury

SOL News: Forward Industries Launches $4B ATM Offering to Expand Solana Treasury

Forward Industries currently has the largest solana treasury among publicly traded firms with 6.8 million SOL.

Forward Industries Files $4 Billion ATM Offering To Boost Solana Treasury

Forward Industries, Inc., the design firm turned Solana-focused treasury company, today announced an automatic shelf registration and an at-the-market (ATM) equity offering program that could raise up to $4 billion in common stock sales. Under the newly filed registration (Form S-3, File No. 333-290312), Forward has included an ATM prospectus that covers the potential sale of shares (the “ATM Shares”) through Cantor Fitzgerald & Co., which is ac…

Forward Industries launches $4B Solana treasury equity plan

Nasdaq-listed firm to fund Solana token purchases and expand its blockchain-focused treasury strategy.

Nasdaq-Listed Forward Industries Seeks to Raise up to $4 Billion for Its Solana Strategy - Crypto Economy

TL;DR Forward Industries launched a share issuance program of up to $4 billion to fund its Solana strategy. The company already manages $1.6 billion in SOL after securing $1.65 billion in commitments backed by Galaxy Digital, Jump Crypto, and Multicoin Capital. In total, 17 companies hold more than 17.1 million SOL valued at over $4 billion. Forward Industries, listed on Nasdaq under the ticker FORD, announced a common stock issuance program of…

Forward Industries Reveals $4B Stock Sale to Expand Solana Treasury

Forward Industries launches a $4B ATM stock offering to boost its financial flexibility and expand its Solana treasury.