- The Forward Industries (FWDI) Board recently authorized a share repurchase program to allow the company to repurchase up to $1 billion worth of common company stock.
- The company has also filed a Resale Prospectus Supplement, which allows certain named shareholders to resell common stock from time to time.
- According to the Chairman of the Board, Kyle Samani, these moves reflect the company’s commitment to building long-term shareholder value and believes in the potential of Solana technology for capital market applications.
Forward Industries (NASDAQ: FWDI), a company building and managing a large-scale Solana (SOL) treasury, recently authorized a new share repurchase program and filed a Resale Prospectus Supplement (https://ibn.fm/h8hV2) with the U.S. Securities and Exchange Commission (“SEC”).
The share repurchase program permits the company to buy back up to $1 billion of common stock. These repurchases may be made periodically through block trades, open-market purchases, or via transactions that are negotiated privately. Also, all repurchases will comply with Rule 10b-18 of the…
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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