Forward Industries Closes $1.65B PIPE to Launch Solana Treasury Strategy

Forward Industries, Inc. (NASDAQ: FORD) has announced the successful close of its previously disclosed private investment in public equity (PIPE) financing, raising $1.65 billion before fees and expenses. In a press release shared with CryptoNews the firm said the funding round was led by Galaxy Digital, Jump Crypto, and Multicoin Capital, which together invested more than $300 million. The company said it intends to use the proceeds to establish its cryptocurrency treasury operations, with a focus on purch ...