Forward Industries Extends SEC Registration Filing, Reaffirms Solana Strategy Amid Market Volatility

Forward Industries (NASDAQ: FORD) announced it entered into a Waiver and Consent on October 10, 2025, with a majority of shareholders holding registerable securities, extending the deadline to file its resale registration statement with the SEC by 30 days. The company stated the extension allows for an orderly registration process amid heightened volatility across the digital asset market. Chairman Kyle Samani emphasized that disciplined management remains key to navigating short-term market turbulence while staying committed to the company's Solana-focused strategy.

Despite recent market fluctuations, Solana processed over 66 million transactions on October 10, far surpassing Ethereum's throughput while maintaining sub-penny fees and uninterrupted uptime. Forward Industries said Solana's performance reinforces its confidence in the network's scalability and its vision to support a $500 trillion global securities market through the evolution of Internet Capital Markets. The company's Solana treasury strategy is supported by industry leading investors and operating partners, including Galaxy Digital, Jump Crypto, and Multicoin Capital.

Forward Industries initiated its Solana treasury strategy in September 2025, dedicated to acquiring SOL and increasing SOL-per-share through bespoke strategies and active management of the company's treasury. The extension of the registration filing deadline provides additional time to complete the regulatory process while maintaining focus on the long-term strategic objectives. The company's approach reflects growing institutional interest in blockchain technology and digital assets as viable components of corporate treasury management.

For additional information about the company's filings and disclosures, investors can review the SEC database at https://www.sec.gov/edgar.shtml. The full terms of use and disclaimers applicable to all content are available at http://IBN.fm/Disclaimer. Forward Industries continues to monitor market conditions while executing its strategic vision for blockchain integration in corporate finance and treasury operations.