Forward Industries, Inc. (NASDAQ: FORD), Solana’s treasury company, announced the filing of its resale prospectus supplement with the United States Securities and Exchange Commission (SEC) and the authorization of a new $1 billion stock repurchase program.
This latest move demonstrates the company’s commitment to shareholder value and confidence in the long-term potential of its Solana-based strategy.
Filing a resale prospectus supplement
Forward Industries has filed a resale prospectus supplement pursuant to its effective registration statement on Form S-3, previously filed earlier this year. The supplement registers for resale certain ordinary shares, as well as shares issuable upon the exercise of warrants, which were issued in connection with the company’s private placement (PIPE) in September 2025.
Registration allows the selling shareholders named on file to sell their shares from time to time as described in the prospectus. Forward Industries will not receive any proceeds from these potential resales, as the deposit primarily facilitates liquidity for existing PIPE investors.
Separately, on November 3, Forward Industries’ board of directors authorized a stock repurchase program allowing the company to repurchase up to $1 billion of its outstanding common stock.
The authorization will remain in effect until September 30, 2027, and repurchases may be executed through open market transactions, block transactions, privately negotiated transactions, or Rule 10b5-1 trading plans.
The company said it would determine the timing and size of repurchases based on market conditions, regulatory factors and its own assessment of stock value. The program does not require the company to repurchase a specific number of shares and may be modified, suspended or terminated at any time.
Confidence in Solana and Forward’s strategy
“Today’s announcement reflects our confidence in both Forward Industries’ differentiated strategy and the underlying strength of the Solana ecosystem,” said Kyle Samani, Chairman of the Board.
“While resale registration is a standard post-PIPE process, the parallel launch of a buyback program demonstrates our long-term commitment to shareholders and our confidence in Solana’s potential to transform capital market infrastructure,” adds Samani.
Forward Industries stock price
Shares of Forward Industries, Inc. (NASDAQ: FORD) have surged 116.77% year to date, reflecting renewed investor confidence following the company’s strategic repositioning as a Solana-focused treasury operator and the announcement of a billion-dollar share repurchase program.
As of November 4, the stock was trading at $10.86, giving the company a market capitalization of approximately $938.9 million. Despite recent pullbacks from its late summer highs, the stock remains above its 2025 opening levels.
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