Forward Industries, Inc. (NASDAQ: FORD) announced it has entered into a Waiver and Consent agreement with majority shareholders holding registerable securities, extending the deadline to file its resale registration statement with the SEC by 30 days. The extension, dated October 10, 2025, provides the company additional time for an orderly registration process during a period of heightened volatility across digital asset markets.
Company Chairman Kyle Samani emphasized that disciplined management remains crucial for navigating short-term market turbulence while maintaining commitment to the firm's Solana-focused treasury strategy. The extension allows Forward Industries to proceed methodically with regulatory compliance requirements without sacrificing its long-term strategic vision.
Despite recent market fluctuations, Solana demonstrated robust network performance on October 10, processing over 66 million transactions while maintaining sub-penny fees and uninterrupted uptime. This transaction volume significantly surpassed Ethereum's throughput on the same day, reinforcing Forward Industries' confidence in Solana's scalability and technical capabilities.
The company's strategic focus on Solana aligns with its vision to support what it describes as a $500 trillion global securities market through the evolution of Internet Capital Markets. Forward Industries believes Solana's performance characteristics position it as a foundational infrastructure for future financial markets. The full press release detailing these developments is available at https://ccw.fm/0u2FZ.
Forward Industries initiated its Solana treasury strategy in September 2025, dedicating corporate resources to acquiring SOL tokens and increasing SOL-per-share through bespoke strategies and active treasury management. The company's approach has garnered support from prominent industry investors and operating partners including Galaxy Digital, Jump Crypto, and Multicoin Capital.
The timing of the registration extension coincides with broader market uncertainty in digital assets, making Forward Industries' continued commitment to its Solana strategy particularly noteworthy. The company's decision to maintain its course despite volatility signals confidence in both the underlying technology and the long-term prospects of blockchain-based financial infrastructure.
For investors and market observers, the developments highlight the evolving relationship between traditional corporate governance and emerging digital asset strategies. Forward Industries' approach represents a growing trend of public companies integrating cryptocurrency holdings into corporate treasury management while navigating the complex regulatory landscape governing such investments.
