Financing ·
Forward Industries raises $25 million via registered direct offering to buy more Solana
FORDForward Industries, Inc.
Forward Industries completed a registered direct offering of 3,125,000 shares at $8.00 per share on September 24, 2026, generating approximately $25 million in gross proceeds. The company intends to use the net proceeds primarily to acquire additional Solana (SOL) for its digital asset treasury strategy, along with working capital and general corporate purposes. A.G.P./Alliance Global Partners served as the exclusive placement agent, receiving a 5% cash fee plus reimbursement of legal expenses up to $50,000. The company operates in the digital asset investment sector, specifically functioning as a Solana-focused treasury company.