Forward Industries, Inc. (NASDAQ: FWDI) (the "Company" or "Forward"), the leading Solana treasury company, today announced that it has entered into a securities purchase agreement with an institutional investor for the purchase and sale of 3,125,000 shares of the Company's common stock at a price of $8.00 per share.

Aggregate gross proceeds are expected to be approximately $25 million, before fees and deducting placement agent fees and other estimated offering expenses.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.