Solana News Update: Forward Industries Proposes $1B Buyback Amid Uncertainty and Doubts Over Solana Transition

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Solana News Update: Forward Industries Proposes $1B Buyback Amid Uncertainty and Doubts Over Solana Transition

Bitget-RWA2025/11/04 15:34

By:Bitget-RWA

- Forward Industries authorizes $1B stock buyback to boost shareholder value, aligning with its strategic pivot to a Solana (SOL) treasury model. - The program coincides with a volatile stock price (90% 6-month gain vs. 12% weekly drop) amid weak financials like -$5.01M EBITDA. - The buyback complements a $1.65B funding raise for Solana expansion, though analysts question the sustainability of its crypto-focused financial model. - Partnerships with Galaxy Digital and Multicoin Capital reinforce its crypto

Forward Industries, Inc. (NASDAQ:FORD) has made a notable move to enhance shareholder returns by approving a $1 billion stock buyback initiative, which will remain in effect until September 30, 2027,

according to a report from Investing.com

said. This announcement, made public on November 3, 2025, aligns with the submission of a resale prospectus supplement for shares issued in the company’s September 2025 private placement, as reported by

a Lookonchain update

. The buyback plan gives Forward Industries the option to repurchase shares through open-market transactions, block trades, or under Rule 10b5-1 trading plans, with the flexibility to modify its approach in response to market trends, the company stated in

a StockTitan disclosure

The board’s approval reflects its confidence in Forward Industries’ strategic shift toward a

Solana

(SOL) treasury approach, which it characterizes as a “unique strategy” that supports the expansion of the Solana ecosystem, according to the filing. Board Chairman Kyle Samani highlighted that the buyback program is designed to support the company’s ongoing initiatives to boost shareholder value while increasing its SOL cryptocurrency reserves. The resale prospectus, meanwhile, enables the sale of shares from the September 2025 private placement, but the company will not benefit financially from these sales.

This development comes as

Forward Industries

faces a turbulent stock market. The company’s shares have climbed almost 90% over the last six months, but have dropped 12% in the past week. This price volatility stands in contrast to the company’s challenging financial position, which includes a negative EBITDA of $5.01 million and moderate levels of debt. Despite these headwinds, the buyback initiative demonstrates a strategic effort to steady the share price and strengthen long-term shareholder value.

The $1 billion buyback approval is part of a wider capital management plan that began in September 2025, when Forward Industries raised $1.65 billion to grow its Solana treasury operations, as noted in

a Seeking Alpha article

. The company’s move into cryptocurrency has attracted both optimism and doubt from investors, with some market observers questioning the durability of its financial strategy. Nevertheless, the board’s recent decisions indicate a belief that the Solana ecosystem’s growth prospects outweigh the current financial uncertainties.

Forward Industries’ share repurchase plan is designed to work in tandem with its Solana treasury strategy, which focuses on acquiring SOL tokens to boost SOL-per-share through active treasury management, the company explained. Collaborations with industry leaders such as Galaxy Digital and Multicoin Capital further demonstrate the company’s commitment to aligning with major players in the crypto sector.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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