Forward Inds Inc N Y Stock Price, News & Analysis

Forward Industries (NASDAQ:FORD) has successfully closed a significant $1.65 billion private investment in public equity (PIPE) financing, led by Galaxy Digital, Jump Crypto, and Multicoin Capital. The company plans to use the proceeds primarily to purchase SOL, Solana's native digital asset, and establish cryptocurrency treasury operations.

The PIPE received substantial support from major investment firms and digital asset ecosystem leaders, with the lead investors collectively subscribing for over $300 million. As part of this strategic shift, Kyle Samani from Multicoin Capital has been appointed as Board Chairman, while representatives from Galaxy and Jump Crypto will serve as Board observers.

The investment capitalizes on Solana's growth, which processed 8.9 billion transactions in Q2 2025 with approximately $4 billion daily decentralized exchange trading volume and generated $1.2B in real economic value year to date.

Forward Industries (NASDAQ: FORD) has secured $1.65 billion in cash and stablecoin commitments for a private placement led by Galaxy Digital, Jump Crypto, and Multicoin Capital to launch a Solana-focused digital asset treasury strategy. This represents the largest Solana-focused digital asset treasury company raise to date.

As part of this strategic transformation, Kyle Samani, Managing Partner of Multicoin Capital, will become Chairman of the Board upon closing. Additionally, Chris Ferraro from Galaxy and Saurabh Sharma from Jump Crypto will join as Board observers. The company has selected Cantor Fitzgerald & Co. as lead placement agent and Galaxy Investment Banking as co-placement agent and financial advisor.

Forward Industries (NASDAQ:FORD), a global design company serving medical and technology companies, has issued a reminder to shareholders regarding the upcoming Annual Shareholders Meeting scheduled for August 8, 2025. The company is urging shareholders to vote on several important proposals, with voting deadline set for August 7, 2025, at 11:59 PM ET.

The key proposal involves the company's reincorporation from New York to Nevada, which the Board believes will provide better corporate governance and more flexible corporate laws. The Board recommends shareholders vote FOR all proposals. Shareholders of record as of June 18, 2025 can vote their shares at ProxyVote.com using their control number.

Intelligent Product Solutions (IPS), a subsidiary of Forward Industries (NASDAQ: FORD), has joined Zebra Technologies' PartnerConnect program as a Registered Alliance Partner. IPS, specializing in product design and engineering with focus on complex systems integration and custom software development, will gain access to Zebra's innovative portfolio, comprehensive training, and marketing benefits.

As a PartnerConnect member, IPS will leverage Zebra's development resources and go-to-market support while expanding collaboration opportunities within the Zebra ecosystem. The partnership aims to enhance IPS's ability to digitize and automate frontline business workflows through Zebra's global partner network.

Intelligent Product Solutions (IPS), a subsidiary of Forward Industries (NASDAQ: FORD), has received a New York Product Design award for its design work on the EON Laser, an FDA-cleared fat reduction device developed for Dominion Aesthetic Technologies.

The EON Laser represents a breakthrough in aesthetic medicine as the industry's first touch-free and painless treatment for subcutaneous fat reduction. The device works by using laser energy to heat subcutaneous fat, triggering lipolysis while simultaneously cooling the skin. This non-invasive alternative to liposuction is currently available at aesthetic surgery centers and med-spas across the United States.

The award recognizes IPS's contribution to innovative medical device design. The company, headquartered in New York, specializes in product design and engineering services, particularly in medtech and wearable technology solutions, serving leading brands like Google, Verizon, Zebra Technologies, and Steinway.

Intelligent Product Solutions (IPS), a subsidiary of Forward Industries (NASDAQ:FORD), has announced the promotion of Bob Wild to Chief Executive Officer (CEO). Former CEO and Co-founder Paul Severino will continue as President. Wild, who joined IPS in 2011, previously served as Chief Operating Officer and has held various leadership roles within the company.

Wild brings extensive experience from his previous roles at BAE Systems and Symbol Technologies. He holds an MBA in Accounting and Finance from Stony Brook University, an MS EE from NYU Polytechnic, and a BS EE from Stony Brook University.

Founded in 2007, IPS has grown to employ over 100 product designers and engineers, specializing in product design and development services with expertise in medtech and wearable technology solutions. The company serves leading brands including Neuvotion, Google, Verizon, Zebra Technologies, and Steinway.

Neuvotion, an early-stage medical device company, has expanded its partnership with Intelligent Product Solutions (IPS) to commercialize its NeuStim™ technology for stroke and spinal cord injury treatment. Forward Industries, IPS's parent company, has made an undisclosed investment in Neuvotion to accelerate the market launch of NeuStim™.

The company specializes in AI-driven neuromodulation technologies for neurorehabilitation, brain-computer interface, and physical therapy markets. The partnership leverages IPS's medical device design and engineering expertise to bring Neuvotion's solutions to market, aiming to improve patient recovery outcomes.

Intelligent Product Solutions (IPS), a product design firm and division of Forward Industries (NASDAQ: FORD), has joined the Advancing a Sustainable Hospital-at-Home Ecosystem at Scale (HaH) project. The initiative, co-hosted by the Digital Medicine Society (DiMe) and Consumer Technology Association (CTA), aims to improve digitally-enabled home care.

The project involves over 20 partners working to define hospital-at-home tech stack elements and functionality. Data shows hospitals offering in-home care have achieved reduced costs, improved outcomes, and better patient experiences. Research indicates two-thirds of individuals aged 60-79 prefer aging at home, though only 35% report technology helping their health routine.

Intelligent Product Solutions (IPS), a Forward Industries (NASDAQ: FORD) company, has announced the appointment of Brad Carlson as Vice President of Technology and Business Development. Dr. Carlson brings over 20 years of experience in medical devices and industrial markets, specializing in product strategy and development. His previous roles include VP of Research and Development at LivaNova and leadership positions at Danaher and Envista Holdings.

Bob Wild, COO of IPS, expressed enthusiasm about Carlson joining the team, highlighting his expertise as an engineer, innovator, and strategic leader. Dr. Carlson, who holds a PhD in Computer Engineering from Syracuse University, stated his excitement to bring new insights to IPS as they work to provide top service to clients. IPS is an award-winning global product design and development company with expertise in MedTech and wearable technology solutions.