Forward Industries shares fall after $25 million share offering

Tech Written by: Ian Lyall 11:32 Wed 23 Sep 2026 --> Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Ian Lyall Ian Lyall, a seasoned journalist and editor, brings over three decades of experience to his role as Managing Editor at Proactive. Overseeing Proactive's editorial and broadcast operations across six offices on three continents, Ian is responsible for quality control, editorial policy, and content production. He directs the creation of 50,000 pieces of real-time news, feature articles, and filmed interviews annually. Prior to Proactive, Ian helped lead the business output at the Daily... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Forward Industries shares fall after $25 million share offering Published: 11:32 23 Sep 2026 EDT Shares of Forward Industries (NASDAQ: FWDI), the Solana-focused digital asset treasury company, are trading more than 4% lower at $8.21 in mid-morning trading on Wednesday after the company announced a $25 million registered direct offering. The offering involves the sale of 3.125 million common shares to an institutional investor at $8 a share, with gross proceeds expected to reach about $25 million before fees and expenses. The offering price represents a discount of about 7% to Tuesday’s closing price of $8.60, while Wednesday’s latest price remained above the offering price. Forward Industries plans to use the net proceeds to acquire additional SOL, the native cryptocurrency of the Solana blockchain, and expand its digital asset treasury. The company said the strategy is intended to increase SOL per fully diluted share as it expands its holdings, rather than focusing only on the absolute size of its cryptocurrency treasury. The share sale follows a strong run for Forward Industries, with the stock rising over more than 67% over the previous month. Forward Industries launched its digital asset treasury strategy in 2025 and focuses on buying, holding, staking, trading and investing in SOL and related digital assets, protocols and businesses. Continue reading