Forward Industries Plans to Raise $25 Million to Acquire More SOL

Forward Industries has entered into a securities purchase agreement with an institutional investor to sell 3.125 million shares of common stock at $8 per share, generating approximately $25 million in gross proceeds.

The company plans to use the net proceeds to acquire additional SOL, expand its SOL treasury and increase SOL holdings per fully diluted share. The offering is expected to close on or around September 24. — link

🌐 From @wublockchainenglish