Nov 4, 2025
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Forward Industries Authorizes $1 Billion Buyback Amid 30% Stock Drop
Forward Industries Share Repurchase Program
- Forward Industries has launched a $1 billion share repurchase program effective until September 2027.
- The program allows the company to buy back its own shares through various methods, such as open-market purchases and block trades.
- This move is intended to enhance shareholder value by reducing outstanding shares and potentially increasing earnings per share.
Market Reaction
- The announcement coincided with a significant drop in Forward Industries' stock price, falling approximately 30% on heavy trading volumes.
- This volatility follows a previous rally driven by the company's strategic focus on Solana.
Solana Treasury Strategy
- Forward Industries has pivoted to a Solana-focused treasury model, accumulating over 6.8 million SOL tokens valued at more than $1.5 billion.
- The holdings generate a staking yield of around 7%, contributing to revenue for the company and shareholders.
- The strategy includes partnerships with major entities like Galaxy Digital and Multicoin Capital.
Investor Sentiment
- Despite the buyback plan, investor sentiment appears cautious due to potential dilution from recent private placements.
- Management aims to support market value amid short-term price fluctuations.