Forward Industries, Inc. (NASDAQ: FWDI) has entered into a securities purchase agreement with an institutional investor for the sale of 3,125,000 common shares at $8 per share, expecting gross proceeds of approximately $25 million before fees and offering expenses. The offering is expected to close on or about Sept. 24, 2026, subject to customary closing conditions. A.G.P./Alliance Global Partners is acting as sole placement agent.
The company intends to use the net proceeds to acquire additional SOL, increasing the size of its SOL treasury while increasing SOL per fully diluted share. This move underscores Forward’s commitment to its Solana-focused digital asset treasury strategy, which aims to buy, hold, stake, trade, invest in, and grow SOL and SOL-related digital assets, protocols, and businesses. The mission is to expand and strengthen the Solana ecosystem by acquiring and staking SOL and engaging with, providing tools to, and investing in the Solana network, Solana developers, and Solana-related projects to increase shareholder value.
In September 2025, Forward launched its digital asset treasury strategy in connection with a private placement transaction, supported by industry-leading investors and operating partners including Galaxy Digital and Jump Crypto. For more information on the company’s Solana treasury strategy, visit www.forwardindustries.com.
This capital raise matters because it provides Forward with additional resources to scale its SOL holdings, potentially enhancing its position within the Solana ecosystem and offering investors increased exposure to SOL per share. The offering also signals continued institutional interest in Solana-focused treasury strategies. The latest news and updates relating to FWDI are available in the company’s newsroom at https://nnw.fm/FWDI. To view the full press release, visit https://nnw.fm/xCr7C.
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