Forward Industries Launches $4 Billion ATM Program to Support Solana Treasury Strategy

BlockBeats News, September 17th, Solana's largest treasury company, Forward Industries (FORD), announced today that it has submitted a $4 billion ATM plan to the U.S. SEC to support its Solana financial strategy. The plan will be used for general corporate purposes, including continuing to execute the Solana strategy, purchasing income-generating assets, and other capital expenditures.

Prior to this, Forward Industries had completed a $1.65 billion PIPE private placement, led by Galaxy Digital, Jump Crypto, and Multicoin Capital, and purchased over 6.8 million SOL, becoming the world's largest publicly traded Solana treasury company.