Forward Industries Buys 500k SOL at $79, Treasury Now Holds 7.55M SOL
FWDI•Forward Industries acquired 500,000 SOL in fiscal Q3 at an average $79 per token, raising its treasury to 7.55 million SOL and lifting SOL-per-share 36% annualized to 0.0729. Shares jumped 17% after adding roughly $38 million in SOL, and Russell 2000/3000 inclusion expands its capital-raising ability.
1. Fiscal Q3 SOL Acquisition
During fiscal Q3 2026, Forward Industries acquired over 500,000 SOL at an average purchase price of $79 per token, increasing its Solana treasury to 7.55 million SOL as of June 30, 2026.
2. SOL-Per-Share Growth and Capital Formation
The firm's annualized SOL-per-share metric rose 36% quarter-over-quarter to 0.0729, driven by accretive ATM equity sales of 93,642 shares and opportunistic share repurchases when trading below net asset value.
3. Index Inclusion and Market Response
Forward's inclusion in the Russell 2000 and Russell 3000 indexes broadens institutional access, and shares surged 17% following a $38 million SOL treasury top-up, reflecting investor enthusiasm for its expanding digital asset holdings.
4. Share Structure Update under Rule 2.12
As of July 1, 2026, the company had 73,846,883 common shares outstanding, with 87,163,107 issued less 13,316,224 held in treasury, plus options for 1,811,666 shares, RSUs and PSUs for 2,107,732 shares, and warrants for 25,759,600 shares.
