Forward Industries (NASDAQ: FORD) announced the filing of a resale prospectus supplement with the Securities Exchange Commission and authorization of a new $1 billion share repurchase program.
The company's board of directors authorized a share repurchase program on November 3, allowing the company to repurchase up to $1 billion of outstanding shares until September 30, 2027. Repurchases can be made through open market purchases, block trades, and privately negotiated transactions.
The resale prospectus supplemental document registers a portion of the common shares previously issued in the September 2025 private placement, allowing designated shareholders to resell these securities, but the company will not receive proceeds from any potential resale.
SOL treasury firm Forward Industries announces $1 billion share repurchase program
2025-11-04 15:08:06
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