Forward Industries Authorizes $1 Billion Share Buyback and Files Resale Prospectus Supplement

Forward Industries Inc. (NASDAQ: FWDI), a company specializing in building and managing a large-scale Solana treasury, has taken significant corporate actions by authorizing a substantial share repurchase program and filing regulatory documentation. The company's Board recently approved a program allowing the repurchase of up to $1 billion worth of common company stock, representing a major capital allocation decision that reflects management's confidence in the company's valuation and future prospects.

The share repurchase authorization permits the company to buy back shares through various methods including block trades, open-market purchases, and privately negotiated transactions. All repurchases will be conducted in compliance with Rule 10b-18 of the Securities Exchange Act, ensuring proper market conduct during the execution of these transactions. This substantial buyback program signals the company's belief that its stock is undervalued and represents an opportunity to enhance shareholder value through strategic capital deployment.

Concurrently, Forward Industries has filed a Resale Prospectus Supplement with the U.S. Securities and Exchange Commission, as documented at https://ibn.fm/h8hV2. This filing enables certain named shareholders to resell common stock from time to time, providing liquidity options for existing investors while maintaining regulatory compliance. The combination of these two actions creates a balanced approach to capital management, addressing both shareholder liquidity needs and overall valuation enhancement through the buyback program.

Kyle Samani, Chairman of the Board, emphasized that these strategic moves demonstrate the company's commitment to building long-term shareholder value. Samani specifically highlighted the company's belief in Solana technology's potential for capital market applications, indicating that these corporate actions are aligned with Forward Industries' broader vision for blockchain technology integration in financial markets. The company's focus on Solana treasury management positions it at the intersection of traditional corporate finance and emerging blockchain technologies.

For investors seeking additional information, the latest news and updates relating to FWDI remain available through the company's designated communication channels. These recent developments underscore Forward Industries' proactive approach to capital management and its positioning within the evolving landscape of blockchain-based financial services, particularly through its specialized focus on Solana technology applications in treasury management and capital markets.