LOS ANGELES, CA - December 29, 2025 (NEWMEDIAWIRE) - Forward Industries (NASDAQ: FWDI) recently issued a shareholder update outlining significant progress since the launch of its Solana treasury strategy. Among the highlights, the company closed a $1.65 billion private placement led by Galaxy Digital, Multicoin Capital, and Jump Crypto, appointed Ryan Navi as Chief Investment Officer and Georgia Quinn as General Counsel, and formed a 25-member crypto advisory board. Key operational milestones include launching an institutional-grade Solana validator, the PropAMM automated market maker, and fwdSOL liquid staking token, as well as partnering with Superstate to enable tokenized holding of FWDI shares on the SOL blockchain. The update also announced a $1 billion share repurchase program and an at-the-market equity offering. As of Dec. 1, 2025, Forward holds over 6.9 million SOL, generating 6.82–7.01% APY through its validator infrastructure, and remains debt-free with $30 million in operating capital. Chairman Kyle Samani emphasized that Forward has built the world’s largest Solana treasury, establishing an institutional-grade foundation to compound long-term SOL-per-share and deliver sustainable shareholder value.

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About Forward Industries Inc.

Forward Industries is a company that’s building and managing a large-scale Solana treasury. The company’s strategy centers on creating shareholder value by actively participating within the Solana ecosystem and deploying assets through on-chain opportunities like staking and lending. For more information, visit the company’s website at www.forwardindustries.com.

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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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