FWDI News & Events

Net loss for the first quarter of fiscal 2026 was $585.6M compared to a net loss of $0.7M in the prior year period. The increase in net loss was driven largely by charges related to the decline in fair value of the company's SOL holdings.

Forward Industries (FWDI) announced its SEC-registered shares are now live on the Solana (SOL-USD) blockchain through Superstate's Opening Bell platform, marking what the company says is the first time a public company's equity can be used directly within decentralized finance. Through this integration, ex-U.S. holders of Forward's tokenized shares can now post their equity as collateral on Kamino, one of Solana's leading lending protocols.

Forward Industries (FWDI) announced that Ryan Navi has joined the company as chief investment officer, effective immediately. In this role, Navi will oversee the execution of Forward's solana (SOL-USD) treasury strategy. Navi was most recently the managing director and head of venture of digital asset management firm ParaFi Capital.