Forward Industries, the largest SOL treasury company, experienced a significant stock price drop of over 10%, reducing its market capitalization to $2.236 billion. The company has invested heavily in Solana, purchasing 6.822 million SOL tokens at an average price of $232, totaling approximately $1.58 billion. Since peaking on September 12, the stock has declined by 44%. On September 17, Forward Industries announced a $4 billion ATM plan submitted to the U.S. SEC. This plan aims to support its Solana financial strategy and will be used for general corporate purposes, including acquiring income-generating assets and other capital expenditures.