NetworkNewsBreaks – Forward Industries, Inc. (NASDAQ: FWDI) Increases SOL Holdings to 8.73 Million, Reports 2.3% Growth in SOL per Share
Forward Industries (NASDAQ: FWDI) provided a mid-quarter update on its fiscal first quarter of 2027, reporting that its Solana (“SOL”) and SOL equivalent holdings increased by 226,396 SOL, or 2.7%, to 8,727,694 between Sept. 30 and Nov. 9, 2026. The holdings represent approximately 1.5% of Solana circulating supply, with additional SOL acquired at an average cost of $75 per token, including staking rewards assigned no cash cost. SOL per fully diluted share increased 2.3% to 0.0824 from 0.0806 during the period. The company also reported that its net asset value declined to approximately $600.3 million from $870.4 million, while institutional debt increased to $187.5 million from $167.5 million.
Forward also highlighted several strategic developments, including securing a $50 million, two-year credit facility backed by staked SOL, committing up to $50 million to USHP, a tokenized index product tracking U.S. home prices, and acquiring a strategic minority interest in Index Industries with additional equity warrants. The company also added Barclays as a sales agent alongside Cantor for its at-the-market (“ATM”) equity offering program. Forward intends to use these initiatives to expand its SOL holdings and generate additional income through its SOL++ strategy.
To view the full press release, visit https://nnw.fm/rlZhm
NOTE TO INVESTORS: The latest news and updates relating to FWDI are available in the company’s newsroom at https://nnw.fm/FWDI
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
Forward Industries (NASDAQ: FWDI) provided a mid-quarter update on its fiscal first quarter of 2027, reporting that its Solana (“SOL”) and SOL equivalent holdings increased by 226,396 SOL, or 2.7%, to 8,727,694 between Sept. 30 and Nov. 9, 2026. The holdings represent approximately 1.5% of Solana circulating supply, with additional SOL acquired at an average cost of $75 per token, including staking rewards assigned no cash cost. SOL per fully diluted share increased 2.3% to 0.0824 from 0.0806 during the period. The company also reported that its net asset value declined to approximately $600.3 million from $870.4 million, while institutional debt increased to $187.5 million from $167.5 million.
Forward also highlighted several strategic developments, including securing a $50 million, two-year credit facility backed by staked SOL, committing up to $50 million to USHP, a tokenized index product tracking U.S. home prices, and acquiring a strategic minority interest in Index Industries with additional equity warrants. The company also added Barclays as a sales agent alongside Cantor for its at-the-market (“ATM”) equity offering program. Forward intends to use these initiatives to expand its SOL holdings and generate additional income through its SOL++ strategy.
To view the full press release, visit https://nnw.fm/rlZhm
NOTE TO INVESTORS: The latest news and updates relating to FWDI are available in the company’s newsroom at https://nnw.fm/FWDI
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
