Forward Industries (NASDAQ: FWDI), a Solana (SOL) treasury company, recently changed the company’s NASDAQ ticker symbol from FORD to FWDI (https://ibn.fm/RdFKy).
The move reflects Forward Industries’ focus on the company’s SOL treasury strategy. This strategy primarily concentrates on acquiring more SOL and deploying these assets strategically through a variety of on-chain activities like staking, lending, and participating in decentralized finance (“DeFi”).
By continuing to collect more SOL and participate within the Solana ecosystem, the company also focuses on generating shareholder value.
This ticker symbol change by Forward Industries comes after a series of recent milestones for the company. First, FWDI recently reached 6.9 million in total SOL holdings, with a total cost of around $1.59 billion.
The company also recently formed a crypto advisory board, which features 25 inaugural members who have collective experience in the Solana ecosystem, digital assets, capital markets, and financial services. This board was created to provide strategic advice to the FWDI about the company’s Solana-focused strategy and other blockchain plans.
Forward Industries also announced a $1 billion share repurchase program and filed a Resale Prospectus Supplement, highlighting the company’s dedication and commitment to building shareholder value and belief in the potential of Solana technology.
About Forward Industries Inc. (NASDAQ: FWDI)
Forward Industries is managing and building a large Solana treasury, and is backed by many notable investors in the digital space. The company not only aims to create shareholder value by investing in SOL, but also using it to actively participate in the Solana ecosystem.
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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