Forward Industries Announces $25 Million Registered Direct Offering
Forward Industries (FWDI) announced a registered direct offering of 3.125 million common shares at $8 per share, generating gross proceeds of approximately $25 million. The company intends to use the net proceeds from this offering primarily for purchasing additional SOL and expanding its operations. This capital raise is part of Forward Industries' strategy to strengthen its financial position and support growth initiatives in a competitive market environment.
Tickers: $FORD
Topics: capital raise SOL purchase stock offering