Forward Industries, that Nasdaq-listed titan of Solana treasure, just dropped a bombshell. Today, they’ve filed a $4 billion equity offering program with the U.S. Securities and Exchange Commission (SEC). If you’re scratching your head, just know this is a big deal-think treasure hunt but with a lot more zeros.
What’s the plan? Simple: raise some cash. And with this hefty sum, they aim to keep the lights on, fatten their Solana stash, snag income-generating assets, and maybe buy a few shiny new toys. Nothing fancy, just typical billionaire stuff.
“This offering is a flexible, efficient tool to boost our Solana treasure chest,” said Kyle Samani, Forward Industries’ Chairman. Yeah, because who doesn’t want more flexibility to play around with billions? And apparently, this nifty ATM program also helps them boost their financial position-basically, it’s a get-out-of-financial-jail-free card with extra perks.
Shares will be sold by Cantor Fitzgerald-no, they’re not sending a fleet of knights in shining armor, but you get the idea. This offering is part of an automatic shelf registration, meaning it’s effective instantly. No waiting around for a green light. It’s all systems go!
The best part? There’s no minimum number of shares they have to sell. Just a little bit here, a little bit there-whenever the market’s feeling generous.
Solana Treasure Expansion: A Real Modern-Day Pirate Story
Forward is going all-in on Solana. This move follows a previous $1.65 billion private investment in public equity financing (that’s PIPE for the cool kids), spearheaded by Galaxy Digital, Jump Crypto, and Multicoin Capital. So yeah, they’re starting to build that shiny Solana treasure they’ve been dreaming about.
Now for some spicy stock action: Forward Industries’ stock closed at $37.35, down a modest 4%. It even dipped to $33.50 earlier, falling a tragic $3.85. Meanwhile, Solana’s value is at $234.35, down by a mere 0.63%. It’s a slow dance in the crypto world.
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2025-09-17 17:00