- Forward Industries recently changed the company’s stock ticker from FORD to FWDI.
- The ticker change reflects the company’s strategic focus on being the leading Solana (SOL) treasury, by both acquiring more SOL and increasing SOL-per-share by actively participating in the SOL ecosystem.
- This also follows a number of company milestones including reaching total holdings of over 6.9 million SOL and forming a strong crypto advisory board.
Forward Industries (NASDAQ: FWDI), a Solana (SOL) treasury company, recently changed the company’s NASDAQ ticker symbol from FORD to FWDI (https://nnw.fm/ljam1).
The move reflects Forward Industries’ focus on the company’s SOL treasury strategy. This strategy primarily concentrates on acquiring more SOL and deploying these assets strategically through a variety of on-chain activities like staking, lending, and participating in decentralized finance (“DeFi”).
By continuing to collect more SOL and participate within the Solana ecosystem, the company also focuses on generating shareholder value.
This ticker symbol change by Forward Industries comes after a series of recent milestones for the company. First, FWDI recently reached 6.9 million in total SOL holdings, with a total cost of around $1.59 billion.
The company also recently formed a crypto advisory board, which features 25 inaugural members who have collective experience in the Solana ecosystem, digital assets, capital markets, and financial services. This board was created to provide strategic advice to the FWDI about the company’s Solana-focused strategy and other blockchain plans.
Forward Industries also announced a $1 billion share repurchase program and filed a Resale Prospectus Supplement, highlighting the company’s dedication and commitment to building shareholder value and belief in the potential of Solana technology.
About Forward Industries Inc. (NASDAQ: FWDI)
Forward Industries is managing and building a large Solana treasury, and is backed by many notable investors in the digital space. The company not only aims to create shareholder value by investing in SOL, but also using it to actively participate in the Solana ecosystem.
For more information, visit the company’s 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://nnw.fm/FWDI
About NetworkNewsWire
NetworkNewsWire (“NNW”) is a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled recognition and brand awareness. NNW is where breaking news, insightful content and actionable information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: https://www.NetworkNewsWire.com/Disclaimer
NetworkNewsWire
Austin, Texas
www.NetworkNewsWire.com
512.354.7000 Office
[email protected]
NetworkNewsWire is powered by IBN
