Forward Industries Files $4B ATM Plan with SEC to Back Solana Strategy, Holds 6.8M SOL

Forward Industries disclosed to the SEC a proposed $4 billion ATM program to underwrite its balance-sheet initiatives and advance its Solana financial strategy. The filing indicates the company intends to deploy proceeds for general corporate purposes, including ongoing execution of its Solana treasury strategy, acquisition of income-generating assets, and other capital expenditures, reflecting a formal capital allocation pathway via an at-the-market offering.

Earlier filings confirm Forward Industries completed a $1.65 billion PIPE private placement led by Galaxy Digital, Jump Crypto, and Multicoin Capital, and acquired in excess of 6.8 million SOL. The transactions establish the company as the largest publicly traded Solana treasury entity, strengthening its liquidity profile and capacity for disciplined capital deployment.