Forward Industries’ Board of Directors has authorized a $1 billion stock buyback program, allowing the company to repurchase its outstanding common stock through September 30, 2027.
The board authorization came as the Solana treasury company filed a resale prospectus supplement with the United States Securities and Exchange Commission.
Forward Industries Authorizes Buyback Program
Forward Industries has approved a $1 billion share repurchase program as its stock continues dropping. The program was announced on November 3 and allows the company to repurchase its outstanding common stock through September 30, 2027. The board’s authorization came as the Solana treasury company filed a resale prospectus with the Securities and Exchange Commission (SEC). Forward Industries currently holds over 6.8 million SOL on its balance sheet, making it the largest corporate holder of the token.
Forward Industries purchased its SOL holdings for an average price of $232 per token. The va
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