Forward Industries, Inc.

Forward Industries, Inc. is a publicly traded company headquartered in Austin, Texas, that has undergone a significant strategic pivot. While historically involved in providing design, development, and manufacturing solutions for medical and technology customers, the company announced in September 2025 a new focus on becoming a Solana (SOL)-focused digital asset treasury company. Its mission is to expand and strengthen the Solana ecosystem by acquiring, holding, staking, trading, and investing in SOL and SOL-related digital assets, protocols, and businesses, with the ultimate goal of increasing shareholder value.

Currently, Forward Industries operates through two primary segments: Digital Assets and Design. The Digital Assets segment is dedicated to capturing SOL-based yield generated by participating in the Solana network's staking protocol and through the active management of its Solana treasury. The company aims to be the largest publicly traded Solana treasury platform globally. The Design segment continues to offer hardware and software product design and engineering services to customers primarily located in the United States.

In recent news, Forward Industries confirmed non-binding proposals in June 2026 to acquire SkyAI, Inc. and Solana Company, though these offers were largely declined. The company also announced its inclusion in the Russell 2000® and 3000® Indexes in May 2026. Leadership includes Mike Pruitt as Interim CEO, appointed in May 2025, and Kyle Samani as Chairman of the Board. Forward Industries positions itself as the world's largest Solana treasury company, with a long-term vision to become the "Berkshire Hathaway of Solana."