Forward Industries Launches $4B ATM Equity Offering

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Nasdaq-listed Forward Industries filed for an at-the-market (ATM) equity program of up to $4 billion, giving the company flexibility to sell shares over time.

Key points:

Sales will go through Cantor Fitzgerald under an automatic shelf registration with the SEC.

Proceeds will fund general corporate purposes, including Solana ($SOL) treasury expansion.

Market conditions will determine how much is actually sold.

Forward Industries continues its Solana-focused treasury strategy, already backed by $1.65B in cash and stablecoin commitments from heavyweights like Galaxy Digital, Jump Crypto, and Multicoin Capital.