Solana Treasury Firm Forward Industries Files Prospectus and Approves $1B Share Repurchase Program

Core Viewpoint - Forward Industries, Inc. has filed a Resale Prospectus Supplement with the SEC and authorized a new $1 billion share repurchase program, indicating strong commitment to shareholder value and confidence in its Solana-based strategy [1]. Resale Prospectus Supplement Filing - The Resale Prospectus Supplement was filed under an effective registration statement on Form S-3, registering certain shares of common stock and shares issuable upon the exercise of warrants from the September 2025 private placement (PIPE) [2]. - This registration allows named selling stockholders to sell their shares, primarily facilitating liquidity for existing PIPE investors, with Forward Industries not receiving any proceeds from these resales [3]. Board Approves $1 Billion Share Repurchase Program - The board of directors has authorized a share repurchase program allowing the company to repurchase up to $1 billion of its outstanding common stock, effective until September 30, 2027 [4]. - Repurchases may occur through various methods including open-market transactions and privately negotiated deals, with the timing and scale determined by market conditions and the company's assessment of share value [5]. Confidence in Solana and Forward's Strategy - The announcement reflects confidence in Forward Industries' differentiated strategy and the strength of Solana's ecosystem, signaling a long-term commitment to shareholders [6]. Forward Industries Stock Price - Shares of Forward Industries have increased by 116.77% year-to-date, driven by renewed investor confidence following the company's strategic repositioning and the announcement of the share repurchase program [7].