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Cantor Fitzgerald analyst Gareth Gacetta maintains Forward Industries (NASDAQ:FWDI) with a Overweight and raises the price target from $8 to $16.
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Forward Industries (NASDAQ: FWDI) announced the closing of a $25 million registered direct offering, selling 3.125 million shares at $8.00 per share to an institutional investor. The company plans to use net proceeds to acquire additional SOL (Solana cryptocurrency) to expand its treasury and increase SOL per share for shareholders.
Filed: 2026-09-24 AccNo: 0001683168-26-007389 Size: 661 KB Item 1.01: Entry into a Material Definitive Agreement Item 7.01: Regulation FD Disclosure Item 8.01: Other Events Item 9.01: Financial Statements and Exhibits
Forward Industries announced a $25 million registered direct offering of 3.125 million shares at $8.00 per share. The company plans to use the net proceeds to acquire additional SOL (Solana cryptocurrency) to expand its digital asset treasury while increasing SOL per fully diluted share. The offering is expected to close on September 24, 2026.
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