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

Forward Industries (NASDAQ: FWDI), a company focused on building and managing a large-scale Solana (SOL) treasury, has taken significant corporate actions by authorizing a new share repurchase program and filing a Resale Prospectus Supplement with the U.S. Securities and Exchange Commission. The company's Board recently approved a share repurchase program that permits the repurchase of up to $1 billion worth of common company stock, representing a substantial capital allocation decision aimed at returning value to shareholders.

The share repurchase program allows the company to buy back common stock 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, which provides a safe harbor for companies repurchasing their own shares. This strategic move demonstrates the company's confidence in its current valuation and future prospects, particularly given its focus on Solana technology applications in capital markets.

Simultaneously, Forward Industries filed a Resale Prospectus Supplement (https://ibn.fm/h8hV2) with the SEC, which enables certain named shareholders to resell common stock from time to time. This filing provides existing shareholders with additional liquidity options while maintaining regulatory compliance. The combination of these two actions - the share repurchase program and the resale prospectus - creates a balanced approach to capital management and shareholder value enhancement.

According to Kyle Samani, Chairman of the Board, these strategic moves reflect the company's commitment to building long-term shareholder value and demonstrate confidence in the potential of Solana technology for capital market applications. The company's positioning as a builder and manager of a large-scale Solana treasury underscores its belief in the blockchain technology's future role in financial markets and corporate treasury management.

The authorization of a $1 billion share repurchase program represents a significant commitment to capital return, particularly for a company focused on emerging blockchain technologies. This level of buyback authorization suggests strong confidence in the company's financial position and future cash flow generation capabilities. The program's implementation through various transaction methods provides flexibility in execution while maintaining market stability through compliance with established securities regulations.

These corporate actions occur within the framework of forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, acknowledging that actual results may differ due to various risk factors and uncertainties. Investors should consider the comprehensive risk factors discussed in the company's SEC filings, including the most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, when evaluating these developments. The company's approach combines immediate shareholder value enhancement through stock repurchases with strategic positioning in blockchain technology infrastructure.