TechFlow news, September 17 — According to Business Wire, Forward Industries (Nasdaq: FORD) has filed an automatically effective "at-the-market" (ATM) registration statement with the U.S. Securities and Exchange Commission (SEC) to offer up to $400 million in shares of its common stock. The company stated that proceeds from the offering will be used for general corporate purposes, including advancing its Solana (SOL) strategy, acquiring income-generating assets, and other capital expenditures.
Previously, Forward Industries completed its largest Solana digital asset treasury fundraising to date, purchasing over 6.8 million SOL. This ATM program is being conducted with Cantor Fitzgerald serving as sales agent, and no escrow arrangements have been established.
