Forward Industries, Inc. · Consumer Discretionary · Footwear & Accessories
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Last
$4.24
−$0.05 (−1.28%) 4:00 PM ET
After hours$4.24
+$0.00 (+0.12%) 5:16 PM ET
Prev closePrevC$4.29
OpenOpen$4.24
Day highHigh$4.26
Day lowLow$4.14
VolumeVol732,226
Avg volAvgVol1,542,228
On chart
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Scale: Linear
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Mkt cap
$316.40M
P/E ratio
-0.13
FY Revenue
$44.84M
EPS
-31.52
Gross Margin
67.26%
Sector
Consumer Discretionary
AI report sections
MIXED
FWDI
Forward Industries, Inc.
No AI report section text found yet for this symbol.
Forward Industries, Inc. (NASDAQ: FWDI) has made a non-binding proposal to acquire Solana Company. As of July 1, 2026, Forward had 73.8 million outstanding common shares, along with options, RSUs, and warrants for additional shares. The announcement includes disclosure requirements under Irish Takeover Rules.
FWDIHSDTacquisitionletter of intentForward IndustriesSolana Companytakeovernon-binding proposal
Sentiment note
The company is actively pursuing an acquisition strategy with a non-binding proposal to acquire Solana Company, indicating growth ambitions and strategic expansion efforts.
PositiveGlobeNewswire Inc.• Forward Industries, Inc.
UPDATED: Forward Industries Announces Letter of Intent to Acquire Solana Company (HSDT)
Forward Industries (NASDAQ: FWDI) announced a non-binding all-stock acquisition proposal to Solana Company (HSDT) on June 15, 2026, offering 0.386 FWDI shares per HSDT share (approximately 10% premium). HSDT's board declined the offer on June 12th without discussion. Forward believes a combined entity would better serve shareholders and the Solana ecosystem.
Forward is actively pursuing strategic growth through acquisition, has assembled the largest Solana treasury, launched a liquid staking token (fwdSOL), and is set to join Russell indices. The company is executing its vision to become the 'Berkshire Hathaway of Solana' with strong operational momentum.
PositiveGlobeNewswire Inc.• Forward Industries, Inc.
UPDATED: Forward Industries Announces Letter of Intent to Acquire SkyAI, Inc. (SKYA)
Forward Industries (NASDAQ: FWDI) announced a non-binding all-stock acquisition proposal to SkyAI (SKYA), offering 0.367 FWDI shares per SKYA share, representing a 20% premium to SKYA's closing price of $1.29. SKYA did not respond to the proposal by the June 12, 2026 deadline. Forward argues the combination would benefit SKYA shareholders by providing exposure to Forward's Solana treasury platform and stronger institutional positioning.
Forward is positioned as a strong acquirer with the largest Solana treasury, proven execution track record, access to growth capital, and support from major industry players (Galaxy Digital, Jump Crypto). The company is actively pursuing strategic growth through acquisition.
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