UPDATE: Forward Industries Announces $25 Million Registered Direct Offering with Institutional Investor
Forward Industries priced a $25 million registered direct offering with an institutional investor, selling 3,125,000 shares at $8.00 per share. Net proceeds will be used to acquire additional SOL to grow the company's Solana treasury, with the stated goal of increasing SOL per fully diluted share. A.G.P./Alliance Global Partners is sole placement agent; closing is expected on or about September 24, 2026.
Key figures
- Deal Value Usd
- 25000000
- Offering Price
- 8
- Shares Offered
- 3125000
- Use of proceeds
- acquire SOL for treasury
AI analysis
Red flags2 · Pro
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