CryptoNewsBreaks – Forward Industries, Inc. (NASDAQ: FWDI) Repurchases Shares In $27.4M Transaction To Increase SOL-Per-Share
Forward Industries (NASDAQ: FWDI), the leading Solana treasury company, announced it has entered into a privately negotiated agreement to repurchase 6,164,324 shares for $27.4 million, reducing shares outstanding and increasing SOL-per-share to 0.0662 following the transaction, which is being financed through a $40 million digital currency loan agreement with Galaxy Digital secured by treasury assets while allowing the company to continue earning staking rewards, alongside a broader cost reduction plan expected to lower SG&A expenses by approximately 45% by fiscal Q3 as part of efforts to improve operating efficiency and enhance long-term shareholder value. To view the full press release,…





