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12 September 20251 minute read

DLA Piper advises Cantor Fitzgerald & Co. in Forward Industries Inc.’s US$1.65 billion PIPE Financing

DLA Piper advised Cantor Fitzgerald & Co. as the lead placement agent in the US$1.65 billion private investment in public equity (PIPE) financing for Forward Industries Inc.

Forward Industries intends to use the proceeds of the offering to initiate a Solana-focused digital asset treasury strategy.

The core deal team was led by Partner Stephen P. Alicanti (New York), and included Associates Andrew Wolfe (New York), Jenna Fontenot (Miami), and Tarquin McGurrin (Short Hills).

About DLA Piper’s Capital Markets and Public Company Advisory Group

DLA Piper enables issuers and underwriters to execute complex securities transactions throughout the world. We offer tactical approaches to financings across equity and debt capital markets, alternative public offerings (de-SPACs, reverse mergers, and direct listings), and other transformative corporate transactions. Attorneys in our corporate governance practice act as outside corporate and securities counsel to a wide range of reporting companies by guiding clients through securities offerings and nuanced disclosure, governance, and compliance matters under SEC, Nasdaq, and NYSE rules and regulations. Boards of directors turn to us to navigate complex transactions, special investigations, and challenging risk oversight matters. Please visit Capital Markets & Public Company Advisory and Market Edge.