{"id":48056,"date":"2025-09-17T14:46:39","date_gmt":"2025-09-17T14:46:39","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=48056"},"modified":"2025-09-17T14:46:39","modified_gmt":"2025-09-17T14:46:39","slug":"forward-industries-launches-4b-atm-offering-to-expand-solana-treasury","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=48056","title":{"rendered":"Forward Industries Launches $4B ATM Offering to Expand Solana Treasury"},"content":{"rendered":"<div>\n<p>Forward Industries (FORD), a publicly-traded design and manufacturing firm that\u2019s building out a solana (SOL) treasury, has filed a $4 billion at-the-market (ATM) equity offering program with the SEC.<\/p>\n<p>The company will use any funds raised for working capital, business expansion and to bolster its SOL holdings, <a href=\"https:\/\/www.businesswire.com\/news\/home\/20250916485458\/en\/Forward-Industries-Announces-%244-Billion-At-The-Market-Equity-Offering-Program\">according to an announcement on Wednesday<\/a>. The offering gives Forward a flexible way to sell new shares incrementally through Cantor Fitzgerald, the program\u2019s designated agent.<\/p>\n<p>This step comes just weeks after Forward completed what it says was the largest Solana-focused treasury raise to date. The company has already acquired over 6.8 million SOL on the back of a <a href=\"https:\/\/www.coindesk.com\/business\/2025\/09\/11\/forward-industries-closes-usd1-65b-deal-to-build-solana-treasury-shares-jump-15-pre-market\">$1.65 billion deal to build the crypto treasury.<\/a><\/p>\n<p>Kyle Samani, Forward\u2019s chairman, called the ATM offering \u201ca flexible and efficient mechanism\u201d to scale the company\u2019s crypto strategy and strengthen its balance sheet.<\/p>\n<p>The firm is looking to maximize its SOL-per-share through active treasury management. Data from <a href=\"https:\/\/www.coingecko.com\/en\/treasuries\/solana#:~:text=Solana%20Treasury%20Holdings&amp;text=CoinGecko%20tracks%208%20institutions%20with,1.21%25%20of%20Solana's%20total%20supply.&amp;text=DeFi%20Development%20Corp.\">CoinGecko<\/a> shows Forward Industries has the largest solana treasury among publicly traded firms, with the runner-up being DeFi Development Corp\u2019s 2.02 million SOL treasury.<\/p>\n<p>Forward\u2019s share price <a href=\"https:\/\/uk.finance.yahoo.com\/quote\/FORD\/\">fell over 9.5% in early trading<\/a> to $33.70 on Wednesday.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Forward Industries (FORD), a publicly-traded design and manufacturing firm that\u2019s building out a solana (SOL) treasury, has filed a $4 billion at-the-market (ATM) equity offering program with the SEC. The company will use any funds raised for working capital, business expansion and to bolster its SOL holdings, according to an announcement on Wednesday. The offering [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-48056","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/48056","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=48056"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/48056\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}