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Forward Industries Launches $4B ATM Offering to Expand Solana Treasury

Forward Industries (FORD), a publicly-traded design and manufacturing firm that’s 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 gives Forward a flexible way to sell new shares incrementally through Cantor Fitzgerald, the program’s designated agent. This step comes just ...