Forward Industries, a Nasdaq-listed company, has completed a $1.65 billion private investment in public equity (PIPE) deal centered around Solana. The investment was led by Galaxy, Jump Crypto, and Multicoin Capital, contributing over $300 million. Following the announcement, Forward Industries' stock initially surged 15% in pre-market trading but later gave back some gains. According to Blockworks, financial firms focused on Solana, including DeFi Development, Upexi, and Sol Strategies, collectively hold over $1.4 billion in SOL.
Forward Industries Completes $1.65 Billion PIPE Deal Focused on Solana
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