Forward Industries Files $4 Billion Shelf Plan To Fuel Solana Treasury Bet
Posted On September 17, 2025
Forward Industries Inc. (NASDAQ:FORD) filed an automatic shelf registration with the U.S. Securities and Exchange Commission, enabling an at-the-market (ATM) equity program worth up to $4 billion. The framework allows the company to issue common shares as needed under market conditions.
Proceeds will go toward working capital, asset purchases, and expansion of its Solana (CRYPTO: SOL/USD) token strategy. The filing highlights the company’s effort to strengthen its balance sheet while deepening its exposure to digital assets.
Kyle Samani, chairman of the board, said the program creates “a flexible and efficient mechanism” to raise funds in support of its Solana …
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