Forward Industries, Inc. announced that it has received $1.649999997 billion in funding from Galaxy Digital Inc., Multicoin Capital Management, LLC, Jump Crypto and others.

On September 11, 2025, Forward Industries, Inc closed the transaction. The company issued 77,144,562 shares at a price of $18.5 for aggregate proceeds of $1,427,174,397 and 12,031,364 pre-funded warrants at a price of $18.49999 for aggregate proceeds of $222,580,113.68636 and total gross proceeds amounting to $1,649,754,510.686. The transaction included participation from Galaxy Digital Inc, Jump Crypto and Multicoin Capital Management as lead investors for a collective amount of more than $300,000,000.

In addition Big Brain Holdings, Bitwise Asset Management, Borderless Capital, Coinlist Alpha, CyberFund, C/M Capital Partners, LP, FalconX, Graticule Asset Management Asia, Jupiter, L1 Digital, ParaFi, Ribbit Capital, RockawayX, and SkyBridge Capital, dy Leow (Drift), Guy Young (Ethena), Howard Lindzon (Stockwits), Lucas Bruder (Jito), Lucas Netz (Pudgy Penguins), Robert Leshner(Superstate), Tarun Chitra (Gauntlet), and Tory Green also participated in the transaction.