Forward Industries launches $4 billion ATM plan to support Solana treasury strategy
On September 17, Forward Industries (FORD), the largest Solana treasury company, announced today that it has submitted a US$4 billion ATM plan to the US SEC to provide financial support for its Solana financial strategy. The plan will be used for general corporate purposes, including the continued implementation of Solana's strategy, the purchase of revenue-generating assets and other capital expenditures. Previously, Forward Industries had completed a US$1.65 billion PIPE private placement, led by Galaxy Digital, Jump Crypto and Multicoin Capital, and purchased more than 6.8 million SOL units, becoming the world's largest publicly traded Solana financial company.
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