Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Journalist
Tanzeel Akhtar
Journalist
Tanzeel Akhtar
share
Forward Industries, Inc. (NASDAQ: FORD), the Solana treasury company, announced the filing of its Resale Prospectus Supplement with the United States Securities and Exchange Commission (SEC). and the authorization of a new $1 billion share buyback program.
This latest move demonstrates the company’s commitment to shareholder value and confidence in the long-term potential of its Solana-based strategy.
Filing of Resale Prospectus Supplement
Industries ahead filed a Resale Prospectus Supplement pursuant to its effective registration statement on Form S-3, previously filed earlier this year. The supplement registers for the resale of certain shares of ordinary shares, as well as shares issued on the exercise of warrants, which were issued in the private placement of the company in September 2025 (PIPE).
The registration allows the selling shareholders named in the file to sell their shares from time to time, as described in the prospectus. Forward Industries will not receive any proceeds from these potential resales, as the filing primarily facilitates liquidity for existing PIPE investors.
Separately, on November 3, Forward Industries Board of Directors authorized a share repurchase program that allows the company to repurchase up to $1 billion of its outstanding common stock.
The authorization will remain in effect until September 30, 2027, and repurchases may be executed through open market transactions, trading blocks, privately traded deals, or Rule 10b5-1 trading plans.
The company said it will determine the timing and scale of the buyback based on market conditions, regulatory factors and its own assessment of the stock’s value. The program does not require the company to purchase a specific number of shares and can be modified, suspended or terminated at any time.
Confidence in Solana’s Strategy and Forward
“Today’s announcement reflects our confidence in Forward Industries’ differentiated strategy and the underlying strength of Solana’s ecosystem,” said Kyle Samani, Chairman of the Board.
“While the resale registration is a standard post-PIPE process, the launch of a side-by-side purchase program signals our long-term commitment to shareholders and belief in Solana’s potential to transform the infrastructure of the capital market,” adds Samani.
The price of Forward Industries
The shares of Forward Industries, Inc. (NASDAQ: FORD ) are up 116.77% year-to-date, reflecting renewed investor confidence following the company’s strategic repositioning as a Solana-focused treasury operator and its announcement of a $1 billion recovery program.
As of November 4, the stock traded at $10.86, giving the company a market capitalization of about $938.9 million. Despite recent pullbacks from its late summer highs, the stock remains above its 2025 opening levels.
