- Forward Industries is repurchasing ~6.16M shares using a US$40M (AU$56.40M) loan backed by its Solana holdings.
- The structure lets the company raise liquidity without selling crypto, while continuing to earn staking yield.
- The move is aimed at improving per-share exposure to SOL and tightening costs during a weaker market.
Forward Industries has moved to buy back approximately 6.16 million shares for US$27.4 million (AU$38.63 million), as it restructures its balance sheet around a Solana-focused treasury model. The deal, conducted with an institutional investor, is expected to reduce total shares outstanding by about 7%. This forms part of an ongoing buyback programme authorised at up to US$1 billion (AU$1.41…
