Forward Industries Shares Fall on $4 Billion Equity Offering

Dow Jones

Sep 17

By Nicholas G. Miller

Shares of Forward Industries fell on Wednesday after the company said it would sell shares of its common stock at market price for up to $4 billion to help build its treasury of Solana, a blockchain with its own cryptocurrency.

Shares in Wednesday's premarket trading fell 6.3% to $35.01.

This month, the design company that serves medical and technology companies began what it calls its Solana treasury strategy, referring to its intention to acquire Solana cryptocurrency.

The company said it intends to use the proceeds of the equity offering for working capital, its Solana strategy and the purchase of other income generating assets.

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

(END) Dow Jones Newswires

September 17, 2025 07:07 ET (11:07 GMT)

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Miller \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Shares of Forward Industries fell on Wednesday after the company said it would sell shares of its common stock at market price for up to $4 billion to help build its treasury of Solana, a blockchain with its own cryptocurrency. \n</p>\n<p>\n  Shares in Wednesday's premarket trading  fell 6.3% to $35.01. \n</p>\n<p>\n  This month, the design company that serves medical and technology companies began what it calls its Solana treasury strategy, referring to its intention to acquire Solana cryptocurrency. \n</p>\n<p>\n  The company said it intends to use the proceeds of the equity offering for working capital, its Solana strategy and the purchase of other income generating assets. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Nicholas G. Miller at nicholas.miller@wsj.com. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 17, 2025 07:07 ET (11:07 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2568983004","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2568983004","pubTimestamp":1758107220,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Forward Industries fell on Wednesday after the company said it would sell shares of its common stock at market price for up to $4 billion to help build its treasury of Solana, a blockchain with its own cryptocurrency.Shares in Wednesday's premarket trading  fell 6.3% to $35.01.This month, the design company that serves medical and technology companies began what it calls its Solana treasury strategy, referring to its intention to acquire Solana cryptocurrency.The company said it intends to use the proceeds of the equity offering for working capital, its Solana strategy and the purchase of other income generating assets.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","FORD":"福沃德工业","BK4585":"ETF&股票定投概念","BK4202":"服装、服饰与奢侈品","EQR":"资产住宅公司","BK4215":"住宅房地产投资信托","BK4145":"电子制造服务"},"translate_title":"Forward Industries股价因发行40亿美元股票而下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EQR":1.5,"FORD":1.5},"content_text":"By Nicholas G. Miller \n\n\n \n\n\n  Shares of Forward Industries fell on Wednesday after the company said it would sell shares of its common stock at market price for up to $4 billion to help build its treasury of Solana, a blockchain with its own cryptocurrency. \n\n\n  Shares in Wednesday's premarket trading  fell 6.3% to $35.01. \n\n\n  This month, the design company that serves medical and technology companies began what it calls its Solana treasury strategy, referring to its intention to acquire Solana cryptocurrency. \n\n\n  The company said it intends to use the proceeds of the equity offering for working capital, its Solana strategy and the purchase of other income generating assets. \n\n\n \n\n\n  Write to Nicholas G. Miller at nicholas.miller@wsj.com. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 17, 2025 07:07 ET (11:07 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}