金色财经|11月 04, 2025 15:22
[SOL Treasury Company Forward Industries Announces $1 Billion Stock Repurchase Plan]
Golden Finance reports that Forward Industries (NASDAQ: FORD) has submitted a resale prospectus supplement to the U.S. Securities and Exchange Commission and authorized a new $1 billion stock repurchase plan.
The company's board of directors authorized the stock repurchase plan on November 3, allowing the company to repurchase up to $1 billion of outstanding shares, with the authorization valid until September 30, 2027. The repurchases may be conducted through open market purchases, block trades, and privately negotiated transactions.
The resale prospectus supplement registers a portion of common stock previously issued in a private placement in September 2025, allowing designated shareholders to resell these securities. However, the company will not receive any proceeds from potential resales.
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