Forward Industries, Inc. (FORD), the Solana treasury company, on Wednesday announced that it has filed an automatic shelf registration statement with the U.S. Securities and Exchange Commission, including an at-the-market equity offering prospectus for up to $4 billion of common stock.
The company intends to use net proceeds for general corporate purposes, including working capital, pursuing its Solana token strategy, acquiring income-generating assets, and other capital expenditures.
Under the Sales Agreement with Cantor Fitzgerald & Co., shares may be sold in "at-the-market" transactions, with no set minimum amount required.
Chairman of Forward Industries Kyle Samani said the ATM Program provides a flexible mechanism to raise and deploy capital, scale its Solana position, strengthen the balance sheet, and support growth initiatives aligned with the company's long-term vision.
In the pre-market trading, 6.27% lesser at $35.01 on the Nasdaq.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.