Forward Industries to Raise $25 Million for Solana Treasury Expansion

Nasdaq-listed Forward Industries has entered a registered direct offering to sell 3.125 million shares at $8 each, aiming to raise approximately $25 million. The company plans to use the net proceeds to acquire additional SOL for its corporate treasury. This strategy aims to increase SOL exposure per fully diluted share, following a model similar to other digital-asset treasury companies. The offering is expected to close on or around September 24, subject to customary conditions.