FORWARD INDUSTRIES DL-,01

Forward Industries has appointed Michael Ashe, currently chief strategy officer at Galaxy Digital, to its board with immediate effect. Ashe previously served as head of strategy & corporate development and head of investment banking at Galaxy Digital, and was a director in investment banking at Oppenheimer; he also worked at Citi. Forward Industries describes itself as a Solana-focused treasury company for digital assets; the strategy began in September 2025 with investors such as Galaxy Digital and Jump Crypto. The company is valued at about $317 million, and the stock has shown recent volatility (last week +11%, over 12 months -51%); analysts expect revenue growth and see price targets of $7.90–8.50 at a slightly overvalued current level, according to InvestingPro. » More on de.investing.com

Forward Industries purchased about 500,000 SOL in the third fiscal quarter of 2026 at an average price of roughly $79, increasing its Solana holdings to 7.55 million SOL as of June 30. SOL per fully diluted share rose to 0.0729, an annualized growth rate of 36%. The company used sales through its "At The Market" program and loan agreements backed by fwdSOL to obtain favorable cost of debt below staking yields. Forward was added to the Russell 2000 and Russell 3000 indices; analysts currently estimate the stock above its fair value. » More on de.investing.com

Solmate has rejected a non-binding takeover offer from Forward Industries; the board decided on June 6 that the offer was not in the company’s best interest. The stock recently fell by about 10% and was trading at $4.94, a decline of roughly 93% year‑over‑year. Despite the share price turbulence, analysis shows Solmate has more cash than debt; issued capital, outstanding warrants and RSUs were disclosed in the announcement. » More on de.investing.com