About Forward Industries, Inc. - Common Stock (FORD)
Forward Industries, Inc. is a global design and manufacturing company that specializes in providing innovative solutions for the medical and electronic device markets. The company focuses on creating customized product packaging and advanced protective solutions that enhance user experience and product safety. Through its expertise in engineering and design, Forward Industries aims to address the unique needs of its clients by offering tailored solutions that cater to various industries, ensuring that products are delivered efficiently while maintaining high standards of quality and functionality. Read More
Forward Industries, Inc. (NASDAQ: FORD) (the "Company" or “Forward Industries”) today announced the successful close of its previously announced private investment in public equity (“PIPE”) financing, led by Galaxy Digital (“Galaxy”), Jump Crypto, and Multicoin Capital (“Multicoin”). The PIPE resulted in gross proceeds of approximately $1.65 billion to the Company, before deducting placement agent fees and other offering expenses. Forward Industries intends to use the net proceeds from the offering primarily to purchase SOL, the native digital asset of the Solana blockchain, for working capital and any future transactions, for the establishment of the Company’s cryptocurrency treasury operations, and to pay transaction expenses.
Forward Industries (NASDAQ: FORD) announced $1.65 billion in cash and stablecoin commitments for a private investment in public equity offering led by Galaxy Digital (NASDAQ: GLXY), Jump Crypto, and Multicoin Capital to initiate a Solana-focused digital asset treasury strategy. C/M Capital Partners, LP, one of the Company’s largest shareholders, also participated. The sponsors will provide both capital and strategic support to position Forward Industries as the leading publicly traded institutional participant in the Solana ecosystem, leveraging Galaxy’s institutional platform, Jump Crypto’s infrastructure expertise, and Multicoin’s deep investment history in Solana projects.
Forward Industries (NASDAQ: FORD) announced $1.65 billion in cash and stablecoin commitments for a private investment in public equity offering led by Galaxy Digital (NASDAQ: GLXY), Jump Crypto, and Multicoin Capital to initiate a Solana-focused digital asset treasury strategy. C/M Capital Partners, LP, one of the Company’s largest shareholders, also participated. The sponsors will provide both capital and strategic support to position Forward Industries as the leading publicly traded institutional participant in the Solana ecosystem, leveraging Galaxy’s institutional platform, Jump Crypto’s infrastructure expertise, and Multicoin’s deep investment history in Solana projects.
Forward Industries, Inc. (NASDAQ: FORD) (the "Company" or “Forward Industries”) today announced $1.65 billion in cash and stablecoin commitments for a private investment in public equity (“PIPE”) offering led by Galaxy Digital (“Galaxy;” NASDAQ: GLXY), Jump Crypto, and Multicoin Capital (“Multicoin”) to initiate a Solana-focused digital asset treasury strategy, aligning the Company with the fast-growing Solana ecosystem. C/M Capital Partners, LP, one of the Company’s largest existing shareholders, is also a participant in this transaction.
Forward Industries Inc. (NASDAQ: FORD) shares initially traded lower before recovering earlier losses after the company reported a year-over-year decline in third-quarter financial results.
