Forward Industries Closes $1.65 Billion Private Placement in Cash and Stablecoin Commitments to Advance Solana Treasury Strategy

Core Viewpoint - Forward Industries, Inc. successfully closed a private investment in public equity (PIPE) financing, raising approximately $1.65 billion in gross proceeds before expenses [1] Group 1 - The PIPE financing was led by notable investors including Galaxy Digital, Jump Crypto, and Multicoin Capital [1] - The funds raised will be utilized by Forward Industries for unspecified purposes, indicating potential growth or strategic initiatives [1]