Forward Industries Closes $1.65 Billion Private Placement in Cash and Stablecoin Commitments to Advance Solana Treasury Strategy
PIPE Led by Galaxy Digital, Jump Crypto, and Multicoin Capital
Company Intends to Use Net Proceeds Primarily to Fund Purchase of SOL
Forward Industries, Inc. (NASDAQ:FORD) (the "Company" or "Forward Industries") today announced the successful close of its previously announced private investment in public equity ("PIPE") financing, led by Galaxy Digital ("Galaxy"), Jump Crypto, and Multicoin Capital ("Multicoin"). The PIPE resulted in gross proceeds of approximately $1.65 billion to the Company, before deducting placement agent fees and other offering expenses. Forward Industries intends to use the net proceeds from the offering primarily to purchase SOL, the native digital asset of the
