Forward provides update on market volatility, share registration extension

Forward Industries (FORD) announced an update regarding its resale registration process and the recent volatility across the broader digital asset market. On October 10, Forward Industries entered into a waiver and consent with a majority of shareholders holding then-outstanding registerable securities. The agreement extends the deadline to file the initial resale registration statement with the Securities and Exchange Commission by 30 days. The company requested this extension in response to overall market conditions, including volatility in Solana and the broader digital asset market. By extending the filing, Forward Industries seeks an orderly process for share registration and to preserve value for shareholders. “The recent volatility across digital assets underscores why discipline and an experienced management team matter,” said Kyle Samani, Chairman of the Board of Directors for Forward Industries. “We remain fully committed to our Solana strategy and believe this brief procedural extension positions the Company to register shares under more constructive market conditions while continuing to execute our long term plan.”