Forward Industries listed in NASDAQ has submitted a market offer program (ATM), which reaches 4 billion dollars, giving the company flexibility in selling shares over time to support the treasury strategy that focuses on Solana.
Wednesday, front industries Declare The program will allow it to issue and sell regular shares through the Cantor Fitzgerald.
The offer is presented by the automatic recording registration statement submitted to the US Securities and Stock Exchange Committee (SEC). The recording of the automatic shelf allows some large companies circulating to the public to quickly raise the capital with flexibility.
Although the maximum amount is listed is $ 4 billion, the company noted that sales may occur or do not occur depending on market conditions.
Futures to use part of the money on Solana purchases
According to the announcement, stock sales revenue will be used for public companies. This includes working capital, growth initiatives, and Solana’s expansion (Teller) The Ministry of Treasury.
Kyle Samani, the company’s chairman, said that the offer gives attacking industries a flexible and effective mechanism to raise and spread the capital to the treasury strategy in Solana.
Samani said: “The ATM program strengthens our ability to continue to expand the scope of this situation, enhance our public budget, and follow up on growth initiatives in compliance with our long -term vision,” Samani said.
Industries forward Solana Treasury strategy plans announced On September 8, he received $ 1.65 billion in cash and Stablecoin obligations for building Sol Stash, led by heavy weights such as Galaxy Digital, Jump Crypto and Multicoin Capital.
The advertisement was followed Buy $ 306 million of Solana symbols In one day to put the industries.
At the time of writing this report, the Solana Strateger Reserve Show These front industries led the Sol Treasury, where they got $ 1.6 billion in symbols.
Related to: Helius, listed on the Nasdaq Stock Exchange, announces $ 500 million financing for the Solana Ministry
Solana Treasury companies reached $ 4 billion in symbols
Forward Industries is no longer alone in its efforts to build a strategic wardrobe that focuses on distinctive symbols. On Tuesday, Solana Strategic Reserve showed that the locker Sol I reached more than 17.11 million Sol symbols For the first time. The value of these symbols was more than $ 4 billion, indicating an increase in institutional interest in Solana.
In total, 17 companies have implemented the Solana Reserve strategies, including Sharphes, Defi Development Corp and Upexi technology.
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