Forward Industries shares fall 3.08% after-hours following a $1.65 billion private investment in public equity offering.

Forward Industries, Inc. dropped 3.08% in after-hours trading. The company recently announced a $1.65 billion private investment in public equity offering led by Galaxy Digital, Jump Crypto, and Multicoin Capital, which has significantly boosted its stock price in the past 12 months. The investment is part of a Solana-focused digital asset treasury strategy, with key figures from the investing firms expected to join the company's board.