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Forward Industries Advances Solana Strategy with a Funding Round Up to $4 Billion

2025/09/18 12:03 (Updated 2025/09/18 16:01)
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Written by A.Yamada
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Forward Industries Advances Solana Strategy with a Funding Round Up to $4 Billion

Acceleration of Corporate Solana Treasury Strategies

On the 17th, NASDAQ-listed Forward Industries announced an At-The-Market (ATM) equity offering program that could raise up to $4 billion (approximately 590 billion yen). The funds are intended to advance its cryptocurrency asset, specifically the Solana (SOL) treasury strategy. In addition, DeFi Development Corp has also increased its purchase of Solana. Kyle Samani, Chairman of the Board at Forward Industries, explained that this equity issuance will allow the company to raise funds in a flexible and efficient manner to support the Solana treasury strategy, enabling strategic capital allocation...

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MAGAZINE

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