Forward Industries Shares Rise on Solana Treasury Additions

Dow Jones07-01

Forward Industries shares advanced after the company said it bought more than 500,000 SOL in its fiscal third quarter, lifting its Solana holdings to 7.55 million as of June 30.

Shares were recently up 17% at $4.95 in late-morning trading Wednesday. The stock is up 11% over the past three months.

The Solana-focused digital-asset treasury company said the SOL was acquired at an average price of about $79 per token, and that it sold 93,642 common shares via its at-the-market offering during the quarter. It delivered 36% annualized growth in SOL per fully diluted share, to 0.0729 from 0.0669 in the prior quarter, it said.

Forward added that its inclusion in the Russell 2000 and Russell 3000 indexes expands access to public-market capital, and that its cost-of-capital structure using fwdSOL as collateral with institutional partners allows it to access liquidity while generating positive carry.

Write to Doc Louallen at Doc.Louallen@wsj.com

(END) Dow Jones Newswires

July 01, 2026 11:44 ET (15:44 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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