GlobeNewswire·Nov 10, 2026, 4:05 PM ET

Forward Industries Grows SOL Holdings to approximately 8.7 Million SOL, Increasing SOL per Share to 0.0824

Forward Industries increased SOL holdings by 226,396 SOL (2.7%) between October 1, 2026, and November 9, 2026, reaching 8,727,694 SOL.
SOL per share on a fully diluted basis rose 2.3% from 0.0806 to 0.0824, representing an approximate 21% annualized growth rate.
The new SOL acquired during the period had an average cost basis of $75 per unit.
The company secured a $50 million two-year credit facility at SOFR + 150 basis points, secured by staked SOL without rehypothecation.
Forward committed up to $50 million to USHP, a tokenized liquid index product tracking U.S. home prices, while acquiring a strategic minority interest in Index Industries.
Barclays was added as a sales agent to the company's at-the-market equity offering program alongside Cantor.
Total institutional debt outstanding increased from $167.5 million to $187.5 million as of November 9, 2026.
Net asset value declined to $600,251,077 from $870,382,702, while cash and marketable securities dropped to $5,247,704.
Total SOL holdings represented approximately 1.5% of Solana's circulating supply as of November 9, 2026.

Company: Forward Industries, Inc.
Keywords: Nasdaq:FWDI, Forward Industries, Inc., Forward Industries, Inc, NASDAQ: FWDI, Solana treasury company, SOL Holdings, Ryan Navi, digital asset treasury, Solana ecosystem