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Benzinga
Benzinga
Business
Akanksha Bakshi

Forward Industries Files $4 Billion Shelf Plan To Fuel Solana Treasury Bet

Solana,Logo,And,Coin,With,Shiny,Elements

Forward Industries Inc. (NASDAQ:FORD) filed an automatic shelf registration with the U.S. Securities and Exchange Commission, enabling an at-the-market (ATM) equity program worth up to $4 billion. The framework allows the company to issue common shares as needed under market conditions.

Proceeds will go toward working capital, asset purchases, and expansion of its Solana (CRYPTO: SOL/USD) token strategy. The filing highlights the company's effort to strengthen its balance sheet while deepening its exposure to digital assets.

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