Forward Industries, a design company listed on Nasdaq, has undertaken a substantial transformation by restructuring its corporate treasury towards Solana investments. With this decisive step, the firm filed an application with the U.S. Securities and Exchange Commission (SEC) for a significant $4 billion “at-the-market” equity offering program. The proceeds are designated for expanding Solana holdings and other business pursuits.
How Will the SEC Share Sale Work?
The SEC-approved share sales are to be conducted through Cantor Fitzgerald as per a long-term agreement valid until September 2025. With an automatic shelf registration, this program bypassed an additional review. Chairman Kyle Samani clarified that these sales would be orchestrated based on necessity.
What’s Fueling Forward Industries’ Bold Plan?
Following the conclusion of a $1.65 billion private investment round with key investors such as Galaxy Digital, Jump Crypto, and Multicoin Capital, Forward Industries fortified its Solana-centric blueprint. A portion of these funds was allocated to the acquisition of 6.82 million SOL tokens, averaging $232 per token, culminating in a $1.58 billion capital outlay.
A notable intensification in Solana acquisitions is evident in public block data, which reveals a total Solana reserve of $3.2 billion by publicly traded companies as of mid-September 2025. Forward Industries’ hefty 6.82 million SOL acquisition prominently contributes to this cumulative statistic. Solana now stands prominently among corporate preferences, trailing only Bitcoin and Ethereum.
The market response to this development has been significant, reflecting a 6% dip in Forward Industries’ stock valuation as reported by Yahoo Finance. Solana’s price, however, remains stable amid the U.S. Federal Reserve’s impending interest rate announcement. As per CryptoAppsy data, Solana witnessed a minor 0.61% decline, holding a value of $234.20 in the past day.
“The strategic choice to focus on Solana demonstrates our commitment to future-oriented financial planning and agility in market adaptation,” stated a Forward Industries spokesperson.
The key takeaways from Forward Industries’ recent moves include:
- Initiation of a $4 billion ATM equity program for Solana investments.
- Completion of a $1.65 billion private funding phase.
- Acquisition of 6.82 million SOL tokens, valued at approximately $1.58 billion.
- Public companies hold an estimated $3.2 billion in Solana reserves.
Observing the recent restructuring efforts of Forward Industries reflects a robust commitment to blockchain technology and adaptation to emerging financial landscapes. While the company’s shares have seen short-term volatility, the move signifies potential long-term strategic gains.
