Forward Industries launches a $4 billion ATM program to support the Solana treasury strategy

ChainCatcher news, the largest Solana treasury company Forward Industries (FORD) announced today that it has submitted a $4 billion ATM plan to the U.S. SEC to fund its Solana financial strategy.

The plan will be used for general corporate purposes, including continuing to execute the Solana strategy, purchasing income-generating assets, and other capital expenditures. Previously, Forward Industries completed a $1.65 billion PIPE private placement, led by Galaxy Digital, Jump Crypto, and Multicoin Capital, and purchased over 6.8 million SOL, becoming the largest publicly traded Solana financial company in the world.