Forward Inds Inc N Y SEC Filings

Forward Industries, Inc. reports that it now operates primarily as a hardware and software product design and engineering company while pivoting its balance sheet to a new Solana (SOL) digital asset treasury strategy. In September 2025 it bought 6,822,000 SOL at an average price of $232 per SOL, or about $1.58 billion in total, and plans to stake SOL, use liquid staking tokens and interact with DeFi protocols within the Solana ecosystem.

The company states that its assets are now highly concentrated in digital assets, particularly SOL. The fair value of its SOL holdings was about $209 per SOL, or $1.43 billion in aggregate, at September 30, 2025, and about $133 per SOL, or $920.5 million in aggregate, at November 30, 2025. Forward has discontinued its retail and OEM distribution segments, sold its Switzerland and UK subsidiaries, and engaged Galaxy Digital affiliates for asset management and operational support, while describing extensive volatility, regulatory, custody, DeFi, operational and technological risks tied to its Solana-focused strategy.

Forward Industries (FORD) filed an 8‑K noting it has filed a resale prospectus supplement under Rule 424(b)(5) tied to its effective Form S‑3. The supplement registers for resale certain shares of common stock that were previously issued in the Company’s September 2025 private placement. The filing also includes a legal opinion from Nason, Yeager, Gerson, Harris & Fumero, P.A. as Exhibit 5.1.

Forward Industries (FORD) filed a prospectus supplement to register the potential resale of up to 54,055 shares of common stock held by a selling shareholder. The company is not offering shares and will not receive proceeds from these sales; costs of registration are borne by the company.

The shares were issued in a prior private placement and are being registered pursuant to granted registration rights. As context, shares outstanding were 86,459,465 as of October 31, 2025. FORD trades on Nasdaq; the last reported sale price was $8.93 per share on November 13, 2025.

Forward Industries, Inc. filed a resale prospectus supplement under Rule 424(b)(5) on November 10, 2025, tied to its effective Form S-3 (File No. 333-290312). The supplement covers certain common shares that were previously issued in a September 2025 private placement. This administrative step allows holders to resell those shares using the registered shelf.

The company also filed a legal opinion from Nason, Yeager, Gerson, Harris & Fumero, P.A. as Exhibit 5.1, dated November 10, 2025.

Forward Industries, Inc. filed a prospectus supplement registering the potential resale of up to 3,178,391 shares of common stock by selling shareholders. These shares were issued in a Private Placement under a Securities Purchase Agreement and are being registered pursuant to a Registration Rights Agreement. The company is not offering any shares and will not receive proceeds from sales by the selling shareholders.

The selling shareholders may sell their shares in public or private transactions at market or negotiated prices. Shares outstanding were 86,459,465 as of October 31, 2025. Forward Industries’ common stock trades on Nasdaq under the symbol FORD.

Forward Industries announced a stock repurchase program authorizing buybacks of up to $1 billion of its common stock, to be conducted “from time to time” and expiring on September 30, 2027. Repurchases may occur via open market purchases, block trades, privately negotiated transactions (including accelerated share repurchase transactions), related derivative transactions, or under a Rule 10b5-1 trading plan. The program’s size and pace will be determined by management based on market conditions, regulatory requirements, and other corporate considerations, and it may be suspended or discontinued at any time.

The company also filed a resale prospectus supplement under its effective Form S-3 to register for resale certain shares previously issued or issuable under a September 2025 private placement.

Forward Industries filed a prospectus supplement registering the potential resale of up to 102,848,137 shares of common stock by selling shareholders. The registered shares include stock issued in a private placement and shares issuable from pre-funded warrants and other warrants.

The company is not offering shares and will not receive proceeds from selling shareholders’ sales; it may receive only the nominal cash exercise price if pre-funded warrants are exercised. Shares outstanding were 86,459,465 as of October 31, 2025. The stock trades on Nasdaq as “FORD”; the last reported sale price on October 31, 2025 was $14.39 per share.

Forward Industries (FORD) updated executive and board compensation and committee leadership. The Compensation Committee approved an employment agreement for interim CEO Michael Pruitt with a six-month term effective September 10, 2025 and a monthly base salary of $30,000. The Board set non-executive director compensation at $100,000 per year, payable in quarterly installments of $25,000; Chairman Kyle Samani will not receive this compensation. Sangita Shah was named Chair of the Compensation Committee and Keith Johnson Chair of the Audit and Risk Committee.

Forward Industries (FORD) reported a Board change. On October 16, 2025, Dr. Sharon Hrynkow resigned from the Board and all committee roles, effective immediately. In connection with her resignation, the Company agreed to release her from a lockup tied to a recent private placement. The Company stated her departure did not result from any disagreement regarding operations, policies, or practices.

As of October 20, 2025, Dr. Hrynkow held 1,486 shares of common stock and 89,400 exercisable stock options. Shares outstanding were 86,457,465 as of the same date.