Forward Industries completes $1.65 billion cash and stablecoin committed private placement to advance Solana treasury strategy
BlockBeats News, September 11, according to market sources, Forward Industries has completed a $1.65 billions cash and stablecoin commitment in a private placement to advance its Solana treasury strategy.
On September 8, Forward Industries, Inc. (NASDAQ: FORD) announced that it had raised $1.65 billions in cash and stablecoin subscription funds through a private investment in public equity (PIPE), with Galaxy Digital, Jump Crypto, and Multicoin Capital leading the round. The funds will be used to launch a digital asset treasury strategy centered on Solana.
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