[Solana Treasury Company Forward Industries Plans to Raise $25 Million to Increase Holdings of SOL] According to Globenewswire, Nasdaq-listed Solana Treasury Company Forward Industries announced that it has signed a securities purchase agreement with an institutional investor to issue 3.125 million shares of common stock at $8 per share, with an expected total fundraising amount of approximately $25 million before deducting placement agent fees and other issuance expenses. The offering is expected to be completed around September 24. Forward Industries stated that the net proceeds from the fundraising will be used to purchase more SOL to expand the SOL treasury and increase the amount of SOL corresponding to each fully diluted share. A.G.P./Alliance Global Partners is serving as the sole placement agent for this offering.