Forward Inds Inc N Y Stock Price, News & Analysis

Forward Industries (NASDAQ:FORD → FWDI) announced a Nasdaq ticker change to FWDI, effective at the open of trading on November 17, 2025.

The change aligns the company with its stated Solana treasury strategy focused on acquiring SOL and increasing SOL-per-share through active management and ecosystem participation. The company also noted formation of a 25-member Crypto Advisory Board drawn from the Solana ecosystem, digital assets, capital markets, and financial services.

All trading activity, regulatory filings, and market information will be reported under FWDI as of November 17, 2025, and existing shareholders are not required to take action. More information is available at sol.forwardindustries.com.

Forward Industries (NASDAQ: FORD) filed a resale prospectus supplement registering certain common shares (and shares issuable on warrants) issued in its September 2025 private placement; the registration became effective upon filing.

Separately, on November 3, 2025 the Board authorized a $1 billion share repurchase program expiring September 30, 2027. Repurchases may occur via open-market purchases, block trades, privately negotiated transactions including accelerated share repurchases, and Rule 10b5-1 plans, and will comply with Rule 10b-18. The company will not receive proceeds from any resale by the selling stockholders and the buyback program is discretionary and may be modified, suspended, or terminated.

Forward Industries (NASDAQ: FORD) announced a new Crypto Advisory Board and named 25 inaugural members from the Solana, DeFi, and capital markets ecosystems to advise its Solana‑focused treasury strategy on October 22, 2025.

The board will provide strategic counsel as Forward Industries seeks to grow SOL per share, expand blockchain initiatives, and reinforce governance; the company also reaffirmed its executive and board alignment under Chairman Kyle Samani.

Galaxy Digital (Nasdaq: GLXY) reported Q3 2025 results: net income $505M, diluted EPS $1.01, adjusted EPS $1.12 and adjusted EBITDA $629M. Total assets reached $11.523B and total equity was $3.172B as of Sept 30, 2025. Cash and stablecoins totaled $1.91B. Digital Assets trading volumes rose 140% QoQ, including a client sale of >80,000 BTC. Galaxy secured a $1.4B project financing for Helios Phase I, executed Phase II lease with CoreWeave (total 800 MW approved), and closed a $460M equity investment (net proceeds $325M). Galaxy launched GalaxyOne on Oct 6, 2025.

Forward Industries (NASDAQ: FORD) reported its Solana treasury status as of October 15, 2025. The company holds 6,871,599.06 SOL, having purchased 6,834,505.96 SOL at a net cost of $232.08 per SOL for a total cost basis of approximately $1.59 billion. Forward says it deployed more than $1.5 billion into SOL and that nearly all holdings are currently staked.

The company’s validator infrastructure achieved an approximate 7.01% gross APY before fees—about 20 basis points higher than the average gross yield of the top 10 validators (6.81%)—generating over 1,000 SOL of staking revenue per day. Forward also launched an institutional-grade Solana validator enabling zero-cost delegation.

Forward Industries (NASDAQ: FORD) announced a 30-day extension to file its initial resale registration statement after entering a Waiver and Consent with a majority of holders on October 10, 2025. The company said the extension responds to recent Solana and digital asset market volatility and aims to preserve shareholder value while seeking more constructive market conditions.

Forward reiterated its Solana treasury strategy, citing 66 million Solana transactions on October 10, peak throughput above 3,000 TPS, and $4.5 billion single-day perpetual market volume as evidence of network capacity and low fees.

Forward Industries (NASDAQ: FORD) launched an institutional-grade Solana validator on October 7, 2025, running on DoubleZero’s high-performance global fiber network and using Jump Crypto’s Firedancer client in collaboration with Galaxy.

The validator accepts delegated stake with a 0% commission, currently holds all tokens staked by Forward Industries, and is expected to rank among the top ten Solana validators. Forward and DoubleZero will pilot optimizations to increase revenue, bandwidth, and reduce latency, and Forward says all future validators will run on DoubleZero.

Forward Industries (NASDAQ:FORD) has announced a groundbreaking partnership with Superstate to tokenize its shares on the Solana blockchain. The company plans to take an equity stake in Superstate and will enable shareholders to tokenize their FORD shares through Superstate's Opening Bell platform, allowing for 24/7 trading and real-time settlement.

The partnership follows Forward Industries' recent $1.65 billion PIPE financing, led by Galaxy Digital, Jump Crypto, and Multicoin Capital, who invested over $350 million collectively. The company is also working with major Solana protocols (Drift, Kamino, and Jupiter Lend) to establish tokenized FORD equity as eligible collateral across their systems.

Forward Industries (NASDAQ: FORD) has announced a significant $4 billion at-the-market (ATM) equity offering program through a shelf registration statement filed with the SEC. The company, positioning itself as the leading Solana treasury company, plans to use the proceeds for general corporate purposes, including working capital and expanding its Solana token strategy.

The company has already made substantial progress in its Solana focus, having purchased over 6.8 million SOL tokens. The ATM program will be executed through Cantor Fitzgerald & Co., with shares being sold at market prices. The offering provides Forward Industries with a flexible mechanism to raise capital and further strengthen its position in the Solana ecosystem.