Forward Industries, Inc. (NASDAQ: FWDI), a Solana-focused digital asset treasury company, announced the closing of a $25 million registered direct offering with an institutional investor. The company sold 3,125,000 shares of common stock at $8 per share, raising gross proceeds of approximately $25 million before placement agent fees and other expenses. A.G.P./Alliance Global Partners acted as sole placement agent.
The net proceeds will be used primarily to acquire additional SOL, the native token of the Solana blockchain. Forward Industries stated that the financing provides additional capital to expand its SOL treasury and increase SOL per share. This move underscores the company’s commitment to its Solana-centric strategy, which involves buying, holding, staking, trading, and investing in SOL and related digital assets, protocols, and businesses.
Forward Industries’ mission is to expand and strengthen the Solana ecosystem by acquiring and staking SOL, engaging with the network, providing tools to developers, and investing in Solana-related projects to increase shareholder value. In September 2025, the company launched its digital asset treasury strategy in connection with a private placement, supported by industry-leading investors and operating partners including Galaxy Digital and Jump Crypto.
The successful closure of this offering signals continued investor confidence in Forward Industries’ approach and highlights the growing institutional interest in Solana as a digital asset class. For a company focused on Solana, this capital infusion could accelerate its ability to accumulate SOL and potentially benefit from staking rewards or price appreciation. For more details on the company’s Solana treasury strategy, interested parties can visit www.forwardindustries.com.
The latest news and updates relating to FWDI are available in the company’s newsroom at https://ibn.fm/FWDI. The full press release can be accessed at https://ibn.fm/bgMzN. InvestorWire, a specialized communications platform, distributed the announcement. InvestorWire is part of the Dynamic Brand Portfolio at IBN, which offers wire solutions, editorial syndication to 5,000+ outlets, press release enhancement, social media distribution, and corporate communications solutions. For more information, visit InvestorWire. Terms of use and disclaimers are available at https://www.InvestorWire.com/Disclaimer.
