Solana Treasury Firm Forward Industries Files Prospectus and Approves $1B Share Repurchase Program
Forward Industries, Inc. (NASDAQ: FORD), the Solana treasury firm, introduced the submitting of its Resale Prospectus Supplement with the U.S. Securities and Exchange Commission (SEC) and the authorization of a brand new $1 billion share repurchase program.
This newest transfer exhibits the corporate’s dedication to shareholder worth and confidence within the long-term potential of its Solana-based technique.
Resale Prospectus Supplement Filing
Forward Industries filed a Resale Prospectus Supplement pursuant to its efficient registration assertion on Form S-3, beforehand filed earlier this 12 months. The complement registers for resale sure shares of frequent inventory, in addition to shares issuable upon the train of warrants, that had been issued within the firm’s September 2025 personal placement (PIPE).
The registration permits the promoting stockholders named within the submitting to promote their shares infrequently, as described within the prospectus. Forward Industries is not going to obtain any proceeds from these potential resales, because the submitting primarily facilitates liquidity for current PIPE buyers.
Separately, on November 3, Forward Industries’ board of directors authorized a share repurchase program permitting the corporate to repurchase as much as $1 billion of its excellent frequent inventory.
The authorization will stay in impact till September 30, 2027, and repurchases could also be executed via open-market transactions, block trades, privately negotiated offers, or Rule 10b5-1 buying and selling plans.
The firm mentioned it would decide the timing and scale of repurchases based mostly on market situations, regulatory elements, and its personal evaluation of share worth. The program doesn’t require the corporate to purchase again any particular variety of shares and could also be modified, suspended, or terminated at any time.
Confidence in Solana and Forward’s Strategy
“Today’s announcement displays our confidence in each Forward Industries’ differentiated technique and the underlying energy of Solana’s ecosystem,” mentioned Kyle Samani, Chairman of the Board.
“While the resale registration is a regular post-PIPE course of, launching a buyback program alongside it indicators our long-term dedication to shareholders and perception in Solana’s potential to remodel capital market infrastructure,” provides Samani.
Forward Industries Stock Price
Shares of Forward Industries, Inc. (NASDAQ: FORD) have surged 116.77% year-to-date, reflecting renewed investor confidence following the corporate’s strategic repositioning as a Solana-focused treasury operator and its announcement of a $1 billion share repurchase program.
As of November 4, the inventory traded at $10.86, giving the corporate a market capitalization of roughly $938.9 million. Despite latest pullbacks from its late-summer highs, the inventory stays above its 2025 opening ranges.
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