Forward Industries, a Nasdaq-listed Solana treasury company, announced that it has reached an agreement with an institutional investor to spend $27.4 million to repurchase 6,164,324 shares of common stock. This transaction will reduce its outstanding common shares from 83,142,133 to 76,977,809. Forward Industries disclosed that the funds for this transaction come from a $40 million digital currency master loan agreement with Galaxy Digital, which is secured by fwdSOL. Additionally, Forward Industries revealed that as of March 18, 2026, its total SOL holdings have reached 7,013,536, an increase of 51,035 from the end of 2025.
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Forward Industries Discloses SOL Holdings Increase to 7.013 Million and $27.4 Million Stock Buyback
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