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Forward Industries has filed a $4 billion at-the-market equity program with the SEC, with proceeds earmarked for general corporate purposes, including expanding its solana treasury strategy and acquiring income-generating assets.
Solana Treasury Leader Forward Industries Launches At-The-Market Share Offering
Forward Industries, Inc. (Nasdaq: FORD), has filed a $4 billion at-the-market (ATM) equity program with the U.S. Securities and Exchange Commission (SEC). The offering, detailed in a newly effective shelf registration statement, authorizes the sale of common stock up to the $4 billion cap.
Proceeds from the program will be directed toward solana acquisitions, general corporate purposes, and income-generating assets to expand the company’s business.
“Through this offering, Forward Industries gains a flexible and efficient mechanism to raise and methodically deploy capital in support of our solana treasury strategy. The ATM program enhances our ability to strengthen our balance sheet and pursue growth initiatives in alignment with our long-term vision,” said Kyle Samani, Chairman, Forward Industries.
The filing reinforces Forward Industries’ commitment to building one of the largest corporate solana treasuries while maintaining flexibility to deploy capital strategically across digital assets and business operations.
With solana’s growing role in DeFi and blockchain infrastructure, the ATM program positions Forward Industries to scale its treasury and strengthen its market leadership.