Forward Industries Extends SEC Registration Filing, Reaffirms Solana Strategy Amid Market Volatility

Forward Industries has entered into a Waiver and Consent agreement with majority shareholders, extending the deadline to file its resale registration statement with the SEC by 30 days. The company stated this extension allows for an orderly registration process during a period of heightened volatility across digital asset markets. The agreement was reached on October 10, 2025, with shareholders holding registerable securities.

Chairman Kyle Samani emphasized that disciplined management remains crucial for navigating short-term market turbulence while maintaining commitment to the company's Solana-focused strategy. This approach comes despite recent market fluctuations that have affected digital assets broadly. The company's confidence in Solana appears well-founded based on recent network performance metrics.

On the same day the waiver was executed, Solana processed over 66 million transactions, significantly surpassing Ethereum's throughput while maintaining sub-penny fees and uninterrupted uptime. This performance data reinforces Forward Industries' belief in Solana's scalability and its vision to support what the company describes as a $500 trillion global securities market through the evolution of Internet Capital Markets.

The company's strategic direction was established in September 2025 when Forward Industries initiated its Solana treasury strategy dedicated to acquiring SOL and increasing SOL-per-share through bespoke strategies and active treasury management. This approach is supported by industry-leading investors and operating partners including Galaxy Digital, Jump Crypto, and Multicoin Capital. The full press release detailing these developments is available at https://ccw.fm/0u2FZ.

Forward Industries' decision to extend its registration filing timeline reflects a cautious approach to regulatory compliance during uncertain market conditions. The 30-day extension provides additional time to ensure proper documentation and compliance with SEC requirements while the company continues to execute its long-term digital asset strategy. This balanced approach demonstrates how traditional corporate governance practices are adapting to incorporate emerging digital asset strategies.

The company's continued commitment to Solana despite market volatility signals confidence in the network's underlying technology and long-term viability. Solana's transaction processing capabilities, as demonstrated by the 66 million transactions processed on October 10, represent a significant competitive advantage in the blockchain space. This performance metric, combined with low transaction costs and reliable uptime, positions Solana as a potential infrastructure backbone for future financial markets.

Forward Industries' strategy represents a growing trend of publicly traded companies incorporating digital assets into their treasury management approaches. The involvement of established financial and crypto-native firms like Galaxy Digital and Multicoin Capital provides additional validation for this emerging corporate strategy. As regulatory frameworks continue to evolve, companies like Forward Industries are navigating both traditional compliance requirements and innovative financial strategies simultaneously.