Forward Industries (NASDAQ: FWDI) builds, operates, and manages a large-scale Solana (SOL) treasury, and is backed by many of the most influential investors in the digital space. “Recently, the company announced a strategic share repurchase where it bought back over 6 million common shares of its common stock from an institutional investor, for a total price of $27.4 million… This share repurchase takes advantage of the current low prices as an opportunity to buy back shares at a discount and return a meaningful block of shares to the treasury. The move also helps shareholders by reducing outstanding shares from 83,142,133 to 76,977,809,” reads a recent article.
“Speaking about the share repurchase, the Chief Investment Officer of Forward Industries, Ryan Navi, said that ‘By repurchasing shares at a discount to both our net asset value and current market price, and by securing attractively priced financing that allows us to maintain staking rewards on our collateral, we are able to return a meaningful block of shares to our treasury while continuing to compound our digital asset holdings. We believe this structure reinforces our disciplined approach to capital allocation and our commitment to maximizing long-term value for Forward shareholders.’”
To view the full article, visit https://ibn.fm/ERBZe
About Forward Industries Inc.
Forward Industries is a company that’s building and managing a large-scale Solana treasury. The company’s strategy centers on creating shareholder value by actively participating within the Solana ecosystem and deploying assets through on-chain opportunities like staking and lending. For more information, visit the company’s website at www.forwardindustries.com.
NOTE TO INVESTORS: The latest news and updates relating to FWDI are available in the company’s newsroom at https://ibn.fm/FWDI
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