Forward Industries to raise ~$1.65B via private placement; plans to buy Solana tokens

Forward Industries, Inc.

Private placement of 89,189,189 shares at $18.50/share; gross proceeds ~$1.65B; closing on Sept 10, 2025.
Proceeds to acquire Solana tokens, fund digital asset treasury, and working capital.
Cantor and Galaxy Digital serve as placement agents; fees: 5% on first $1B, 3.75% on excess.
Galaxy receives 2% advisor shares + 5% warrants; Jump Crypto & Multicoin get 4% lead investor shares + 10% warrants.
C/M converts Series B Preferred; gets right to buy up to $33M in common stock via registered direct offering.

item 1.01item 3.02item 7.01item 8.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.