Forward Industries spends $1.58 billion to acquire over 6.82 million SOL
ChainCatcher News, according to market sources, Forward Industries announced the purchase of 6,822,000 Solana (SOL) at an average price of $232 per token, with a total amount of approximately $1.58 billions.
This transaction marks the first deployment of the company's $1.65 billions PIPE financing, which is led by Galaxy Digital, Jump Crypto, and Multicoin Capital. All SOL acquired by Forward Industries have been staked, with part of the transaction completed through the Solana on-chain platform DFlow. The company plans to increase the per-share value of SOL through active management and on-chain operations.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AI "hunger" fuels IPO boom! SB Energy (SBE.US), backed by SoftBank and OpenAI, applies for US listing.
SB Energy Corp. (SBE.US), a power infrastructure company jointly supported by SoftBank Group Corp. and OpenAI, has officially submitted an application for an initial public offering (IPO) to the U.S. Securities and Exchange Commission (SEC).
FirstGroup’s First Bus wins West Yorkshire Weaver Network operating contract
Lanka Ventures publishes FY2025-26 annual report
XP Power non-executive director Daniel Shook takes CFO role at Fertiglobe from Oct. 1
Crypto prices
More
