Forward Industries Appoints Galaxy Digital's Michael Ashe to Board

Forward Industries (NASDAQ: FWDI), the leading Solana treasury company, has appointed Michael Ashe, chief strategy officer at Galaxy Digital, to its board of directors, effective immediately. Ashe previously served as a board observer and brings extensive leadership experience in strategy, corporate development and investment banking from Galaxy Digital, Oppenheimer & Co. Inc. and Citi. Chairman Kyle Samani said Ashe’s appointment reflects the board’s confidence in his expertise as the company continues to expand its Solana treasury strategy. This move strengthens Forward Industries' ties with Galaxy Digital, a key operating partner in its digital asset treasury strategy launched in September 2025.

Forward Industries is a Solana focused digital asset treasury company with a strategy to buy, hold, stake, trade, invest in, and grow SOL and SOL related digital assets, protocols and businesses. The company's mission is to expand and strengthen the Solana ecosystem by acquiring and staking SOL and engaging with, providing tools to and investing in the Solana network, developers and related projects to increase shareholder value. In connection with a private placement transaction in September 2025, Forward Industries launched its digital asset treasury strategy supported by industry leading investors and operating partners including Galaxy Digital and Jump Crypto. For more information on the company's Solana treasury strategy, visit forwardindustries.com.

The appointment of Michael Ashe, a seasoned executive from Galaxy Digital, signals Forward Industries' commitment to deepening its expertise in digital asset treasury management. Ashe's background in strategy and corporate development from top-tier financial institutions will be instrumental as the company navigates the evolving crypto landscape. Investors can find the latest news and updates relating to FWDI in the company’s newsroom at https://ibn.fm/FWDI.