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

Forward Industries (FORD), the Solana treasury company, announced today that it has filed a $4 billion ATM plan with the U.S. SEC to fund its Solana financial strategy. The plan will be used for general corporate purposes, including continued execution of the Solana strategy, acquisition of revenue-generating assets, and other capital expenditures.

Previously, Forward Industries completed a $1.65 billion PIPE private placement, led by Galaxy Digital, Jump Crypto, and Multicoin Capital, and purchased over 6.8 million SOLs, becoming the world’s largest publicly traded Solana financial company.