SOL treasury company Forward Industries announces $1 billion stock buyback plan

Jinse Finance reported that Forward Industries (a certain exchange) announced the submission of a resale prospectus supplement to the U.S. Securities and Exchange Commission and authorized a new $1 billion stock repurchase program. The company's board of directors authorized the stock repurchase program on November 3, allowing the company to repurchase up to $1 billion of outstanding shares, with the authorization valid until September 30, 2027. Repurchases may be conducted through open market purchases, block trades, and privately negotiated transactions. The resale prospectus supplement registered a portion of the common stock previously 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.