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 anticipated to close on or about Sept. 24, 2026, subject to customary closing conditions. A.G.P./Alliance Global Partners is serving as the sole placement agent. The company intends to use the net proceeds to acquire additional SOL, the native token of the Solana blockchain, increasing the size of its SOL treasury while also increasing SOL per fully diluted share. For a deeper look at Forward Industries (NASDAQ: FWDI), visit Forward Industries (NASDAQ: FWDI).
This move underscores Forward’s commitment to its Solana-focused digital asset treasury strategy, which involves buying, holding, staking, trading, and investing in SOL and related digital assets, protocols, and businesses. The company’s 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, developers, and 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.
The offering could have significant implications for both Forward Industries and the broader Solana ecosystem. By increasing its SOL holdings, the company may enhance its ability to stake and support the network, potentially driving further adoption and value. Investors in Forward Industries may see increased exposure to the cryptocurrency market, particularly Solana, which has been gaining traction as a high-performance blockchain. The news comes as public companies increasingly explore digital asset treasuries, following the lead of firms like MicroStrategy with Bitcoin. Forward’s success could encourage other companies to consider similar strategies, though the volatility of crypto markets remains a risk. The latest news and updates relating to FWDI are available in the company’s newsroom at https://nnw.fm/FWDI.
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