Forward Industries, a financial company specializing in SOL assets, announced a $1 billion stock buyback program.
Forward Industries (NASDAQ: FORD) announced the submission of a resale prospectus supplement to the U.S. Securities and Exchange Commission and authorized a new $1 billion stock repurchase plan.
The company's board authorized the stock repurchase plan on November 3, allowing the company to repurchase up to $1 billion of outstanding shares, with the authorization expiring on September 30, 2027. Repurchases can be made through open market purchases, block trades, and private negotiated transactions.
The resale prospectus supplement registered a portion of common stock issued in a private placement in September 2025, allowing designated shareholders to resell these securities, but the company will not receive any proceeds from any potential resale.
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