FWDI Forward Industries, Inc.

$FWDI has 8.16M $SOL.X holdings Current market cap = $603M Asset value = $962M (60% higher) Do with info as you’d like 🔜📈🚀

$FWDI still 50% undervalued and the bull run hasn’t even started yet Price target by Jan 1st: $50

Forward Industries reported a record quarterly increase in its Solana treasury, with total SOL and SOL-equivalent holdings rising 13% in the fiscal fourth quarter ended Sept. 30, 2026, to 8,501,298 SOL, equivalent to roughly 1.4% of Solana’s circulating supply. The company said its preliminary, unaudited net asset value reached approximately $870 million at quarter-end, while it added 948,601 SOL during the period at an average cost of $83 per token. A key metric for investors was SOL per fully diluted share, which increased 10.4% quarter over quarter to 0.0806, representing approximately 42% annualized growth. Chief Investment Officer Ryan Navi described the quarter as a standout period, saying SOL additions “far exceeded” peers and highlighted the company’s disciplined capital-allocation strategy. Over its first full fiscal year executing its Solana-focused strategy, SOL per share increased 33% year over year. $FWDI $SOL.X

$FWDI Unlike other treasury companies, the debt is short-tern, low cost, not a minefield of convertibles. In March, FWDI took out a 105M debt (5-month revolving, ~3% interest) and used it to fund a 27.4 m shares buyback. Debt-to-capital ~18%. Will add on pullbacks.

$FWDI cancel this takeover. Hello why dilute over 15 percent. Stick to buying back stock. Now. 40 percent discount. Wake up management

$FWDI released a Q4 update showing SOL holdings rose to 8.5M and SOL per share jumped 42% annualized to 0.0806.

$FWDI if you are never in this play , right place to add in - this is an AGP RDO pump - will keep adding as we climb up and exit at 10-11 for a swing and will Leave rest for gap close 13 ish