Forward Industries Grows SOL Holdings to approximately 8.7 Million SOL, Increasing SOL per Share to 0.0824
Key Highlights
- ➤8,727,694 SOL holdings, up 226,396 or 2.7% since September 30
- ➤SOL per fully diluted share rose 2.3% to 0.0824
- ➤$50 million credit facility secured at SOFR + 150 basis points for two years
- ➤Up to $50 million committed to USHP, co-anchoring its $100 million launch
- ➤Barclays added as sales agent to Forward’s ATM equity offering program
Expert Statements
Ryan Navi, Chief Investment Officer of Forward Industries
“Just six weeks into the quarter, we have increased SOL per share by 2.3% and added approximately 226,000 SOL to our holdings, marking a strong start to our fiscal year. We are also putting our all-weather SOL++ strategy into action, securing a $50 million credit facility and allocating capital to USHP. These steps advance our vision to build the ‘Berkshire Hathaway of Solana’ by growing SOL per share and creating durable value for shareholders.”
SOL per Share Up 2.3% since September 30, 2026, approximately 21% on an annualized basis.
AUSTIN, TX, Nov. 10, 2026 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ: FWDI) (the “Company” or “Forward”), the leading Solana treasury company, today provided a mid-quarter update on its SOL treasury strategy for its fiscal first quarter of 2027, which began October 1, 2026. From October 1, 2026 through November 9, 2026, Forward increased its SOL and SOL equivalent holdings by 226,396 SOL, or 2.7%, from 8,501,298 as of September 30, 2026 to 8,727,694 as of November 9, 2026, representing approximately 1.5% of Solana’s circulating supply.(1) The SOL added during the period came at an average cost of $75 per SOL.(2)
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