According to CoinMeta, NASDAQ-listed company Forward Industries announced that it has signed a securities purchase agreement with an institutional investor, planning to issue 3.125 million common shares at $8 per share, with an expected fundraising of $25 million. The issuance is expected to be completed around September 24th, and the net proceeds will be used to acquire SOL in order to increase the treasury size. A.G.P./Alliance Global Partners acts as the sole placement agent for this issuance. (Source: GlobeNewswire)