Forward Industries, Inc. Announces $1.65 Billion Private Placement in Cash and Stablecoin Commitments Led by Galaxy Digital, Jump Crypto, and Multicoin Capital to Initiate Solana Treasury Strategy

(NASDAQ:FORD) NEW YORK--(BUSINESS WIRE)--Forward Industries, Inc. (NASDAQ: FORD) (the "Company" or “Forward Industries”) today announced $1.65 billion in cash and stablecoin commitments for a private investment in public equity (“PIPE”) offering led by Galaxy Digital (“Galaxy;” NASDAQ: GLXY), Jump Crypto, and Multicoin Capital (“Multicoin”) to initiate a Solana-focused digital asset treasury strategy, aligning the Company with the fast-growing Solana ecosystem. C/M Capital Partners, LP, one of the Company’s