Forward Industries buys $1.58B in Solana

Forward Industries, Inc. reported that it has made substantial purchases of the Solana cryptocurrency.

Rhea-AI Filing Summary

Forward Industries, Inc. reported that it has made substantial purchases of the Solana cryptocurrency. The company’s initial liquid Solana token (“SOL”) purchases totaled 6,822,000 tokens at an average price of $232 per SOL, for a total cost of approximately $1.58 billion. This information was disclosed as an other event, meaning the company is updating investors about this significant new asset position outside of its regular earnings cycle.

Insights

Equity & risk analyst

Forward Industries has taken a very large, concentrated position in Solana tokens.

Forward Industries, Inc. states that it purchased 6,822,000 Solana tokens at an average price of $232 per token, for a total cost of about $1.58 billion. This represents a major allocation into a single digital asset, shifting the company’s exposure toward cryptocurrency price movements.

The filing does not provide additional context such as funding sources, hedging, or risk limits, so the economic impact will depend on future Solana price volatility and any subsequent decisions about holding or selling these tokens. Because this is presented as an other event, future company filings may give more detail on how this position fits into overall strategy and financial condition.

8-K Event Classification

Item 8.01 — Other Events

1 item

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Forward Industries (FORD) disclose in this 8-K filing?

Forward Industries disclosed that it completed initial purchases of liquid Solana tokens, totaling 6,822,000 SOL at an average price of $232 per token.

How much did Forward Industries spend on its Solana (SOL) purchases?

The company reported a total cost of approximately $1.58 billion for its initial purchases of 6,822,000 Solana tokens.

What is the average price Forward Industries paid per Solana token?

Forward Industries stated that its initial liquid Solana token purchases were made at an average price of $232 per SOL.

When did Forward Industries announce its Solana token purchases?

The company announced its initial Solana token purchases on September 15, 2025, as described in the 8-K under Other Events.

Does the 8-K explain why Forward Industries bought Solana?

The 8-K describes the size and cost of the Solana token purchases but does not discuss the company’s strategic rationale in the provided text.

Who signed the Forward Industries 8-K about the Solana purchases?

The report was signed on behalf of Forward Industries by Kathleen Weisberg, the company’s Chief Financial Officer.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 09/15/2025 - 08:34 AM Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_______________________________

FORM 8-K

_______________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 15, 2025

_______________________________

Forward Industries, Inc.

(Exact name of registrant as specified in its charter)

_______________________________

New York		001-34780		13-1950672
(State or Other Jurisdiction		(Commission		(I.R.S. Employer
of Incorporation)		File Number)		Identification No.)

700 Veterans Memorial Hwy. Suite 100

Hauppauge, New York 11788

(Address of Principal Executive Office) (Zip Code)

(631) 547-3055

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.01 per share		FORD		The NASDAQ Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ 

Item 8.01 Other Events.

On September 15, 2025, Forward Industries, Inc., a New York corporation (the “Company”), issued a press release announcing that the Company’s initial liquid Solana token (“SOL”) purchases totaled 6,822,000 at an average of $232 per SOL for a total cost of approximately $1.58 billion. 

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	FORWARD INDUSTRIES, INC.
Date: September 15, 2025	/s/ Kathleen Weisberg
	Kathleen Weisberg
	Chief Financial Officer

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