Key Takeaways
Forward Industries has unveiled a 4 billion at-the-market equity offering programme ATM Program filed with the U.S. SEC.
Proceeds will support the firms Solana treasury strategy, working capital, and income-generating asset purchases.
The company aims to strengthen its balance sheet and expand its Solana holdings following recent purchases of over 6.8 million SOL.
Forward Industries, Inc., a leading Solana treasury company, has announced a 4 billion at-the-market equity offering programme. They filed this under an automatic shelf registration statement with the U.S. Securities and Exchange Commission SEC. The move provides the company with a flexible capital-raising tool at a pivotal moment.
The equity programme enables Forward Industries to issue shares of common stock sales under market conditions through Cantor Fitzgerald Co. Acting as the agent, Cantor will employ commercially reasonable efforts consistent with its sales practices.