Forward Industries, a Solana Treasury Firm, Files Prospectus and Announces $1 Billion Share Buyback

Forward Industries, Inc. (NASDAQ: FORD), a company focused on the Solana treasury, has filed its Resale Prospectus Supplement with the U.S. Securities and Exchange Commission (SEC) and has approved a significant $1 billion share repurchase program.

Key Takeaways

Forward Industries has filed a Resale Prospectus Supplement with the SEC.
The firm has authorized a $1 billion program to buy back its shares.
This program is designed to enhance shareholder value and is seen as a strong endorsement of Solana’s future.
Forward Industries' stock has increased by 116.77% this year, reflecting investor confidence.

Solana

This recent action demonstrates the firm’s dedication to enhancing shareholder value and its confidence in the long-term viability of its strategy centered around Solana.

Resale Prospectus Supplement Filing

Forward Industries has submitted a Resale Prospectus Supplement in line with its previously effective registration statement on Form S-3 filed earlier this year. This new supplement allows for the resale of certain shares of common stock and shares that can be obtained through the exercise of warrants, which were part of the company’s private placement (PIPE) in September 2025.

The primary purpose of this registration is to enable the selling stockholders mentioned in the filing to sell their shares whenever they choose. Importantly, Forward Industries will not benefit from any proceeds from these potential sales as the supplement mainly serves to provide liquidity for current PIPE investors.

Board Approves $1 Billion Share Buyback Program

On November 3, the board of directors of Forward Industries approved a share repurchase program that permits the company to buy back up to $1 billion of its outstanding common stock.

This buyback initiative will be valid until September 30, 2027, and can be executed through various means including open-market transactions, block trades, or privately negotiated deals, as well as through Rule 10b5-1 trading plans.

The company has stated that it will assess the timing and scale of share repurchases based on market conditions, regulatory influences, and its evaluation of share value. The program does not impose a requirement for the company to repurchase a specific number of shares and can be adjusted, paused, or terminated at any time.

Confidence in Solana and Forward’s Strategy

Kyle Samani, Chairman of the Board, commented, “Today’s announcement underscores our confidence in Forward Industries' unique strategy and the foundational strength of Solana’s ecosystem."

He continued, "While the resale registration is a conventional post-PIPE procedure, the launch of a buyback program alongside it emphasizes our long-term assurance to shareholders and our belief in Solana’s ability to reshape capital market infrastructure.”

Forward Industries Stock Price

As of now, shares of Forward Industries, Inc. (NASDAQ: FORD) have witnessed a remarkable increase of 116.77% year-to-date, reflecting revived investor confidence after the company repositioned itself as a treasury operator focused on Solana and revealed its $1 billion share repurchase initiative.

Stock Chart

On November 4, the stock was trading at $10.86, resulting in a market capitalization of about $938.9 million. Even with some recent declines since its summer highs, the stock price remains above its opening levels for 2025.