Forward Industries launches $4 billion ATM program to support Solana's treasury strategy

BlockBeats News, on September 17, Forward Industries (FORD), the largest Solana treasury company, announced today that it has submitted a $4 billion ATM plan to the U.S. SEC to finance its Solana financial strategy. The program will be used for general corporate purposes, including continuing to implement the Solana strategy, purchasing revenue-generating assets and other capital expenditures. Previously, Forward Industries has completed a $1.65 billion PIPE private placement, led by Galaxy Digital, Jump Crypto and Multicoin Capital, and purchased more than 6.8 million SOLs, becoming the world's largest publicly traded Solana financial company.