Forward Industries Inc. Announces $1.65 Billion Private Placement Led by Galaxy Digital to Bolster Solana Treasury Strategy

Reuters2025-09-08

Forward Industries Inc. Announces $1.65 Billion Private Placement Led by <a href="https://laohu8.com/S/GLXY">Galaxy Digital</a> to Bolster Solana Treasury <a href="https://laohu8.com/S/MSTR">Strategy</a>

Forward Industries, Inc. $(FORD)$ has announced a substantial $1.65 billion private placement in cash and stablecoin commitments to initiate a Solana-focused digital asset treasury strategy. The funding round, a private investment in public equity $(PIPE)$ offering, is led by Galaxy Digital, Jump Crypto, and Multicoin Capital, with participation from C/M Capital Partners, LP. This strategic move aligns Forward Industries with the rapidly growing Solana blockchain ecosystem. Cantor Fitzgerald & Co. is serving as the lead placement agent, with Galaxy Investment Banking as the co-placement agent and financial advisor. Forward Industries plans to collaborate with Galaxy Asset Management for management support related to the treasury strategy, reinforcing its commitment to enhancing shareholder value through innovative blockchain initiatives.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Forward Industries Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250907677362) on September 08, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Announces $1.65 Billion Private Placement Led by <a href=\"https://laohu8.com/S/GLXY\">Galaxy Digital</a> to Bolster Solana Treasury <a href=\"https://laohu8.com/S/MSTR\">Strategy</a>\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Forward Industries, Inc. <a href=\"https://laohu8.com/S/FORD\">$(FORD)$</a> has announced a substantial $1.65 billion private placement in cash and stablecoin commitments to initiate a Solana-focused digital asset treasury strategy. The funding round, a private investment in public equity <a href=\"https://laohu8.com/S/PIPE\">$(PIPE)$</a> offering, is led by Galaxy Digital, Jump Crypto, and Multicoin Capital, with participation from C/M Capital Partners, LP. This strategic move aligns Forward Industries with the rapidly growing Solana blockchain ecosystem. 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