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Forward Industries has completed a $165 million cash and stablecoin committed private placement to advance its Solana Treasury strategy.

2025.09.11 18:09:13

On September 11th, as per market intelligence, Forward Industries successfully completed a private placement involving $1.65 billion in cash and stablecoin. This was done to further its Solana Treasury strategy. On September 8th, Forward Industries, Inc. (Nasdaq: FORD) announced that it had secured $1.65 billion in cash and stablecoin subscription funds through a Private Investment in Public Equity (PIPE) offering. The lead investors in this offering were Galaxy Digital, Jump Crypto, and Multicoin Capital. This move was aimed at initiating a Solana-centric digital asset treasury strategy.
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