Forward Industries Completes $25 Million Registered Direct Offering

AUSTIN, TX, Sept. 24, 2026 /CourierPR/ -- Forward Industries, Inc., the leading Solana treasury company, has completed a $25 million registered direct offering with an institutional investor. The company sold 3,125,000 shares of its common stock at a price of $8.00 per share, raising gross proceeds of approximately $25 million, before deducting placement agent fees and other offering expenses.

The funds raised will be used primarily to acquire additional SOL (Solana), according to Ryan Navi, Chief Investment Officer of Forward Industries.

The shares were offered pursuant to the Company’s shelf registration statement on Form S-3ASR (File No. 333-290312), which was declared effective by the U.S. Securities and Exchange Commission (SEC) on September 16, 2025. A prospectus supplement and accompanying prospectus relating to the offering have been filed with the SEC and are available on the SEC’s website at www.sec.gov.

A.G.P./Alliance Global Partners acted as the sole placement agent for the offering. The press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements address various matters including the anticipated use of proceeds from the offering, the expected impact on SOL per share, the Company’s plan for value creation and strategic advantages, and market size and growth opportunities.

The Company’s mission is to expand and strengthen the Solana ecosystem by acquiring and staking SOL and engaging with, providing tools to, and investing in the Solana network, Solana developers, and Solana-related projects in order to increase shareholder value. In connection with a private placement transaction in September 2025, Forward launched a digital asset treasury strategy supported by industry leading investors and operating partners including Galaxy Digital and Jump Crypto. For more information on the Company’s Solana treasury strategy, visit www.forwardindustries.com.

The press release underscores the importance of disciplined capital allocation and strategic growth in the digital asset space. Forward Industries, Inc. is positioned to leverage this new capital to further its mission of expanding and strengthening the Solana ecosystem. The offering is seen as a significant step in the company’s growth strategy, providing the necessary resources to pursue opportunities and maintain a competitive edge in the rapidly evolving digital asset market.