Forward Industries prices 3,125,000-share registered direct offering at $8 per share, raising $25 million
FWDI•Forward Industries closed a registered direct offering of 3,125,000 shares at $8 each, raising about $25 million gross; it expects to use net proceeds primarily to buy additional SOL and expand its Solana treasury.
1. Offering details
Forward Industries sold 3,125,000 common shares to an institutional investor at $8 per share in a registered direct offering. Gross proceeds were about $25 million, and A.G.P./Alliance Global Partners served as sole placement agent.
2. Planned use of proceeds
The company expects to use net proceeds primarily to buy additional SOL and expand its Solana treasury.
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