Forward Industries (Ford), a listed design and manufacturing company that builds a Solana (SOL) Treasury, has submitted a $ 4 billion program on the market (ATM), which offers a program for equity with sec.
The company will use any funds collected for working capital, business expansion and to strengthen its Sun Holdings, according to a message on Wednesday. The offer provides a flexible way to sell new shares step by step through Cantor Fitzgerald, the program’s designated agent.
This step comes only weeks after the forward was completed what it says was the largest Solana-focused Treasury to date. The company has already acquired over 6.8 million sun on the back of a $ 1.65 billion deal to build the Krypto state box.
Kyle Samani, Forward’s President, called ATM, which offers “a flexible and effective mechanism” to scale the company’s crypto strategy and strengthen its balance.
The company seeks to maximize its Sol-Per share through the active Treasury Management. Data from CoingeCko shows Frontituer has the largest Solana Treasury among listed companies where Runner-Up is Defi Development Corps 2.02 million Sol Treasury.
Forwards share price fell over 9.5% in the early trade to $ 33.70 Wednesday.
