Forward Industries Secures $1.65 Billion in Funding from Galaxy Digital and Others

Forward Industries, Inc. has received $1.65 billion in funding from Galaxy Digital, Multicoin Capital, Jump Crypto, and others. The company closed the transaction on September 11, 2025, issuing 77.1 million shares and 12.0 million pre-funded warrants for aggregate proceeds of $1.43 billion and $222.6 million, respectively, totaling $1.65 billion.

Forward Industries Inc. (Nasdaq: FORD) has successfully closed a significant funding round, raising $1.65 billion through a Private Investment in Public Equity (PIPE) transaction. The company completed the deal on September 11, 2025, with major contributions from Galaxy Digital, Multicoin Capital, and Jump Crypto, among others Forward Industries Raises $1.65B PIPE to Build Solana Treasury — Galaxy Digital, Jump Crypto & Multicoin Lead^[1].

The transaction involved the issuance of 77.1 million shares and 12.0 million pre-funded warrants. The shares were issued at a price of $18.5 per share, while the pre-funded warrants were priced at $18.49999 each. The aggregate proceeds from the share issuance totaled $1.43 billion, while the pre-funded warrants generated $222.6 million. The total gross proceeds from the transaction amounted to $1.65 billion Forward Industries, Inc. announced that it has received $1.649999997 billion in funding from Galaxy Digital Inc., Multicoin Capital Management, LLC, Jump Crypto and others.^[2].

The funding is intended to support Forward Industries' strategic move towards a Solana-centric treasury approach. This approach aims to leverage the Solana blockchain for digital asset allocations, reflecting a significant institutional participation in the PIPE execution. The committed financing enhances the company’s liquidity profile and supplies dedicated capital for this strategic initiative Forward Industries Raises $1.65B PIPE to Build Solana Treasury — Galaxy Digital, Jump Crypto & Multicoin Lead^[1].

The transaction underscores the growing interest and investment in digital asset infrastructure and blockchain technology. Forward Industries' move to adopt a Solana-centric treasury strategy indicates a forward-thinking approach in the evolving landscape of financial technology.

As the company continues to implement its digital asset treasury strategy, investors and financial professionals will be closely monitoring its progress and the impact on its overall financial health and growth prospects.