Forward Industries Inc. (NASDAQ: FWDI) to Join Russell 2000(R) and 3000(R) Indexes as Part of Russell Indexes Semi-Annual Reconstitution

• Forward Industries, a Solana (SOL) treasury company that buys, holds, and strategically deploys SOL, has announced that it will soon join the Russell 2000(R) and 3000(R) indexes.
• Forward will join the indexes as a part of Russell indexes semi-annual reconstitution in June, which captures the 3,000 largest US stocks as of April 30, 2026, and ranks them by market capitalization.
• The move is an important milestone for Forward and reinforces the growing institutional recognition of Forward’s Solana treasury strategy.

Forward Industries (NASDAQ: FWDI), a Solana treasury company, recently announced that it is set to join both the broad-market Russell 3000(R) Index and the small-cap Russell 2000(R) Index (https://ibn.fm/KcXh1).

The move is a part of Russell indexes’ semi-annual reconstitution, which is effective once the US market opens on June 29, 2026. This semi-annual reconstitution of the Russell US indexes captures the 3,000 largest US stocks as of April 30, 2026, and ranks them by market capitalization.

Companies that gain membership in the Russell 3000(R) Index also gets them automatic membership in the large-cap Russell 1000(R) Index or small-cap Russell 2000(R) Index, and the appropriate value and growth style indexes. FTSE Russell determines membership for its indexes by objective, style attributes, and market capitalization rankings.

Speaking about Forward’s inclusion in the indexes, Ryan Navi, the Chief Investment Officer at Forward Industries said that “Inclusion in the Russell 2000(R) and Russell 3000(R) marks an important milestone for Forward and reinforces the growing institutional recognition of our strategy, scale, and execution. We believe index inclusion will expand our shareholder base, improve trading liquidity, and increase visibility among long-term institutional investors. As we continue executing our disciplined Solana treasury strategy and compounding SOL-per-share, we believe Forward is well-positioned to establish itself as a leading institutional platform for digital asset exposure.”

The SOL treasury strategy that Navi refers to involves Forward accumulating Solana (SOL) and deploying it through on-chain opportunities, such as staking. Currently, it has liquid SOL holdings of over 7 million SOL and Forward’s validator infrastructure has generated between 6.5% and 7.2% gross annual percentage yield (“APY”) before fees since inception, which outperforms other top peer validators.

Also, around 25% of Forward’s SOL holdings are fwdSOL, which is Forward’s proprietary liquid staking token that lets it maintain liquidity, while earning native staking yield.

About Forward Industries Inc. (NASDAQ: FWDI)

Forward Industries is building and managing a large-scale Solana (SOL) treasury, backed by some of the most influential investors in the digital space. It looks to generate long-term shareholder value through actively participating in the Solana ecosystem. Specifically, it aims to accumulate SOL and strategically deploy assets through various on-chain opportunities like participating in decentralized finance (“DeFi”), staking, and lending.

For more information, visit the Forward Industries 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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