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.

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About Forward Industries, Inc.

Forward Industries, Inc. (NASDAQ: FWDI) is a Solana focused digital asset treasury company, with the strategy to buy, hold, stake, trade, invest in, and grow SOL and SOL related digital assets, protocols and businesses. Our 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, Solana developers and Solana related projects in order to increase shareholder value. In connection with a private placement transaction in September 2025, we launched our 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

NOTE TO INVESTORS: The latest news and updates relating to FWDI are available in the company’s newsroom at https://ibn.fm/FWDI

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