Forward Industries announces $1.65 billion private placement to launch Solana's financial strategy
Source: PANews
Time: 2025-09-08 18:07:04
PANews September 8th news, global design firm Forward Industries, Inc. (NASDAQ: FORD) announced that it will commit $1.65 billion in cash and stablecoin to issue private equity investment (“PIPE”) led by Galaxy Digital, Jump Crypto and Multicoin Capital to launch a Solana-focused digital asset fund management strategy to align the company with the rapidly growing Solana ecosystem. C/M Capital Partners, one of the company's largest existing shareholders, also participated in the transaction. Galaxy, Jump Crypto and Multicoin will provide funding and strategic support to help Forward Industries build and execute its Solana financial strategy.