Billionaire Trump Supporter Timothy Mellon Revealed As Mystery Donor Helping Pay Military During Shutdown: Report

PANews reported on June 19 that according to The Block, the stablecoin issuer Paxos launched a new startup Paxos Labs, which aims to help institutions integrate DeFi and on-chain products

Forward Industries, Inc. (NASDAQ: FORD) has moved to reinforce investor confidence with two major corporate actions. The Solana-focused treasury firm announced a new $1 billion share repurchase authorization and confirmed the filing of a resale prospectus supplement with the U.S. Securities and Exchange Commission. These decisions reflect a strong strategic conviction as the company continues to expand its Solana-related operations and capital market initiatives.Share Buyback Reflects Long-Term ConfidenceAs per the issued press release, the Board of Directors approved the $1 billion buyback program on November 3, 2025. The plan allows Forward Industries to purchase its common stock through open-market transactions, private deals, or accelerated share repurchases. According to the company, the program provides flexibility to act on favorable market conditions while ensuring compliance with SEC Rule 10b-18.Chairman Kyle Samani stated, “Today’s announcement reflects our confidence in both Forward Industries’ differentiated strategy and the underlying strength of Solana’s ecosystem.” He added that the initiative underscores the company’s long-term view, saying it “gives us flexibility to return capital to shareholders when we believe our stock trades below intrinsic value.”The program will remain active until September 30, 2027, unless modified or terminated earlier. The company indicated that the timing and volume of repurchases would depend on share price, liquidity, and overall market conditions.Filing of Resale Prospectus and Market ImplicationsIn tandem, Forward Industries filed a resale prospectus supplement to register certain shares from its September 2025 private placement. The filing permits selling shareholders to trade those securities at their discretion. The company clarified that it will not receive any proceeds from those resales.Market observers noted that the timing of both actions signals confidence in the firm’s balance sheet and the Solana ecosystem’s potential for institutional adoption. The buyback authorization, alongside the resale filing, positions Forward Industries to stabilize its stock performance while maintaining strategic liquidity.Market Reaction and Price OutlookSource: Google FinanceDespite the strategic developments, the company’s stock fell 24.75%as of press time, closing at $10.52. The decline from its $13.98 opening price reflected strong selling pressure and short-term investor caution. Analysts suggest that traders may have responded to profit-taking following recent gains or uncertainty surrounding the resale filing. Unless the price stabilizes above $11, further downside toward the $10 psychological support level remains possible.

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