Forward Industries secures $1.65B to launch Solana treasury strategy

* Forward Industries (NASDAQ:FORD [https://seekingalpha.com/symbol/FORD]) has secured $1.65 billion in cash and stablecoin commitments through a private placement led by Galaxy Digital, Jump Crypto, and investment firm Multicoin Capital.
* The funds will support a new Solana-focused digital asset treasury strategy. C/M Capital Partners, LP, one of the company’s largest existing shareholders, is also a participant in this transaction.
* FORD +116.94% premarket to $35.48.
* Source: Press Release [https://seekingalpha.com/pr/20223636-forward-industries-inc-announces-1_65-billion-private-placement-in-cash-and-stablecoin]

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