LOS ANGELES, CA - October 13, 2025 (NEWMEDIAWIRE) - Forward Industries (NASDAQ: FORD), a leading Solana treasury company, announced that it entered into a Waiver and Consent on Oct. 10, 2025, with a majority of shareholders holding registerable securities, extending the deadline to file its resale registration statement with the SEC by 30 days. The company said the extension allows for an orderly registration process amid heightened volatility across the digital asset market. Chairman Kyle Samani emphasized that disciplined management remains key to navigating short-term market turbulence while staying committed to the company’s Solana-focused strategy. Despite recent fluctuations, Solana processed over 66 million transactions on Oct. 10 - far surpassing Ethereum’s throughput - while maintaining sub-penny fees and uninterrupted uptime. Forward Industries said Solana’s performance reinforces its confidence in the network’s scalability and its vision to support a $500 trillion global securities market through the evolution of Internet Capital Markets.

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About Forward Industries, Inc.

Forward Industries, Inc. is a global design company serving top tier medical and technology companies. For over 60 years the company has been successful in developing and producing a portfolio of outstanding products for some of the world’s leading companies and brands. In September 2025, Forward Industries initiated a Solana treasury strategy dedicated to acquiring SOL and increasing SOL-per-share through bespoke strategies and active management of the company’s treasury. The Company’s Solana treasury strategy is supported by industry leading investors and operating partners, including Galaxy Digital, Jump Crypto, and Multicoin Capital.

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Forward Looking Statements

Certain statements in this article are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management's control, including the risks set forth under the heading "Risk Factors" discussed under the caption "Item 1A. Risk Factors" in Part I of the Company's most recent Annual Report on Form 10-K or any updates discussed under the caption "Item 1A. Risk Factors" in Part II of the Company's Quarterly Reports on Form 10-Q and in the Company's other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this article in making an investment decision, which are based on information available to us on the date hereof. All parties undertake no duty to update this information unless required by law.

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