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

Forward Industries, Inc. (NASDAQ: FORD) announced the filing of its resale prospectus supplement with the U.S. Securities and Exchange Commission, registering shares previously issued in its September 2025 private placement. The company simultaneously authorized a new $1 billion share repurchase program that was approved by its Board on November 3, 2025. This substantial buyback authorization allows the company to repurchase common stock through various methods including open-market transactions, block trades, or private transactions through September 30, 2027.

Chairman Kyle Samani emphasized that these strategic moves reflect the company's strong confidence in Forward Industries' overall business strategy and the growing Solana ecosystem. The actions are designed to reinforce the company's commitment to enhancing long-term shareholder value through disciplined capital allocation. The share repurchase program represents a significant commitment to returning value to shareholders while maintaining financial flexibility for future growth initiatives.

The resale prospectus supplement filing enables the registration of shares that were part of the company's September 2025 private placement, providing liquidity options for those securities. This filing represents an important step in the company's ongoing capital markets strategy and demonstrates its commitment to transparent regulatory compliance. The full details of these corporate actions are available in the company's official documentation filed with regulatory authorities.

Forward Industries has positioned itself as a leading Solana treasury company, having 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 company's approach to treasury management has attracted support from prominent industry investors and operating partners in the digital asset space. The combination of the resale prospectus filing and the substantial share repurchase authorization signals management's strong conviction in the company's strategic direction and financial prospects.

The $1 billion repurchase program authorization represents a significant commitment to capital return and reflects the board's assessment of the company's current valuation and future prospects. This level of buyback authorization demonstrates the company's financial strength and management's confidence in the underlying business fundamentals. The timing and scale of these corporate actions suggest that Forward Industries sees substantial value in its current market position and future growth trajectory within the evolving digital asset ecosystem.