• Forward Industries announced an expansion of its Solana treasury by over 500,000 Solana (SOL) during fiscal Q3 of 2026 at an average purchase price of around $79 per SOL.
• This brings Forward’s SOL treasury up to 7.55 million SOL as of June 30, 2026.
• During fiscal Q3, Forward sold 93,642 shares of common stock as part of its At The Market offering while delivering an annualized SOL-per-share growth of 36%.

Forward Industries (NASDAQ: FWDI), which continues to build and manage a large-scale Solana (SOL) treasury, announced that it acquired more than 500,000 SOL during fiscal Q3 of 2026, at an average purchase price of approximately $79 per SOL (https://ibn.fm/6wz2z).

This brings Forward’s SOL treasury up to 7.55 million SOL as of June 30, 2026, making it the largest SOL treasury company. Also during fiscal Q3 2026, as a part of its At The Market offering, Forward sold 93,642 shares of common stock while delivering an annualized SOL-per-share growth of 36%, which highlights Forward’s ability to raise capital from public markets in an accretive manner for shareholders.

Following its inclusion in both the Russell 2000 and Russell 3000 Indexes, Forward is positioned well to raise capital in public markets when its shares trade at a premium to net asset value (“NAV”).

This access to public capital is another tool for Forward to use alongside its industry-leading cost of capital, which it established using fwdSOL, the company’s proprietary liquid staking token, as collateral with institutional partners. This setup is beneficial as it lets Forward access liquidity, while also generating positive carry by borrowing against its SOL at a lower cost of capital than Forward’s staking yield of between 6.4% and 7.3%.

Speaking about Forward and how it performed this quarter, the Chief Investment Officer of Forward, Ryan Navi, said that “Our mandate is simple: maximize SOL per share and create long-term shareholder value. Our execution this quarter demonstrates our ability to employ multiple capital formation strategies to acquire additional SOL in a highly accretive manner.”

He also added that “By repurchasing shares when Forward trades at a discount to NAV and issuing equity when our shares trade at a premium, we dynamically allocate capital in a way that compounds SOL per share and enhances long-term intrinsic value. Our recent inclusion in the Russell 2000 and Russell 3000 further expands our access to institutional capital and broadens our investor base, creating another efficient avenue to fund SOL accumulation on terms that benefit our existing shareholders.”

About Forward Industries Inc. (NASDAQ: FWDI)

Forward Industries is building and managing one of the world’s largest Solana (SOL) treasuries, and is backed by many of the most influential investors in the digital space. Forward’s strategy is focused on creating long-term shareholder value by accumulating SOL and actively participating in the SOL ecosystem through various on-chain activities like staking, lending, and participating in decentralized finance (“DeFi”).

For more information, visit the Forward Industries website at www.ForwardIndustries.com.

NOTE TO INVESTORS: The latest news and updates relating to FWDI are available in the company’s newsroom at https://ibn.fm/FWDI

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