06:38 AM EDT, 09/08/2025 (MT Newswires) -- Forward Industries ( FORD ) announced on Monday that it has secured $1.65 billion in cash and stablecoin commitments through a private investment in public equity offering led by Galaxy Digital ( GLXY ) , Jump Crypto, and Multicoin Capital to launch a Solana (SOL-USD) treasury strategy.

C/M Capital Partners, one of Forward's major shareholders, also participated in the round.

Galaxy, Jump Crypto, and Multicoin will provide capital and strategic support, with Galaxy offering its trading, lending, structuring, staking, and blockchain infrastructure services to Forward.

Upon closing of the transaction, Multicoin Managing Partner Kyle Samani will become chairman of Forward Industries ( FORD ). At the same time, Galaxy Chief Investment Officer Chris Ferraro and Jump Crypto CIO Saurabh Sharma will join as board observers.

Forward Industries ( FORD ) shares were up more than 110% in recent Monday pre-bell activity.