Curated News
By: NewsRamp Editorial Staff
September 23, 2026
Forward Industries Raises $25M to Boost Solana Treasury
TLDR
- Forward Industries raises 25 million dollars at 8 dollars per share to expand its Solana treasury and boost SOL per share.
- Forward Industries will sell 3.125 million shares at 8 dollars each, using net proceeds to acquire more SOL, with closing expected by Sept. 24, 2026.
- Forward Industries strengthens the Solana ecosystem by acquiring and staking SOL, aiming to increase shareholder value and support network growth.
- Forward Industries, a Solana-focused treasury company, is raising 25 million dollars to buy more SOL and expand its digital asset strategy.
Impact - Why it Matters
This capital raise signals growing institutional confidence in Solana-focused treasury strategies, allowing Forward Industries to expand its SOL holdings and potentially enhance shareholder value through staking and ecosystem investments. For investors, it underscores the maturing intersection of traditional public markets and digital asset management, while also highlighting the risks of concentrating a corporate treasury in a volatile cryptocurrency. The involvement of major players like Galaxy Digital and Jump Crypto lends credibility and could encourage other companies to adopt similar strategies, impacting the broader adoption and liquidity of Solana-based assets.
Summary
Forward Industries (NASDAQ: FWDI) has entered into a securities purchase agreement with an institutional investor to sell 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 for the transaction.
The company plans to use the net proceeds to acquire additional SOL, increasing the size of its SOL treasury while boosting SOL per fully diluted share. Forward Industries is a Solana-focused digital asset treasury company with a strategy to buy, hold, stake, trade, invest in, and grow SOL and SOL-related digital assets, protocols, and businesses. Its 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 related projects to increase shareholder value. In September 2025, Forward launched its digital asset treasury strategy through a private placement 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 latest news and updates relating to FWDI are available in the company’s newsroom at https://nnw.fm/FWDI. The announcement was distributed through NetworkNewsWire, a specialized communications platform focused on financial news and content distribution. NNW is one of 75+ brands within the Dynamic Brand Portfolio @ IBN, offering access to a vast network of wire solutions via InvestorWire, editorial syndication to 5,000+ outlets, press release enhancement, social media distribution, and tailored corporate communications solutions.
Source Statement
This curated news summary relied on content distributed by InvestorBrandNetwork (IBN). Read the original source here, Forward Industries Raises $25M to Boost Solana Treasury
