Forward Industries Extends SEC Registration Filing, Reaffirms Solana Strategy Amid Market Volatility
TL;DR
Forward Industries secured a 30-day SEC filing extension, providing strategic advantage during market volatility while maintaining its Solana-focused treasury strategy for long-term growth.
Forward Industries obtained shareholder consent to extend its SEC registration deadline by 30 days, allowing orderly processing amid digital asset market volatility while maintaining Solana treasury operations.
Forward Industries' disciplined Solana strategy supports the evolution of Internet Capital Markets, potentially enabling broader access to global securities markets worth trillions of dollars.
Solana processed over 66 million transactions in one day with sub-penny fees, far surpassing Ethereum's throughput while maintaining uninterrupted network uptime.
Forward Industries, Inc. (NASDAQ: FORD) announced it entered into a Waiver and Consent on October 10, 2025, with a majority of shareholders holding registerable securities, 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 the digital asset market. This strategic move demonstrates the company's commitment to proper regulatory compliance while navigating challenging market conditions.
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 reflects a broader trend of companies balancing immediate market pressures with long-term strategic objectives in the rapidly evolving cryptocurrency space. The company's decision to extend the filing deadline rather than rush the process indicates a focus on quality and compliance over speed.
Despite recent market fluctuations, Solana demonstrated significant technical performance on October 10, processing over 66 million transactions while maintaining sub-penny fees and uninterrupted uptime. This transaction volume far surpassed Ethereum's throughput on the same day, highlighting Solana's scalability advantages in practical applications. The network's performance metrics reinforce Forward Industries' confidence in Solana's technical capabilities and long-term viability as a blockchain platform.
Forward Industries' vision extends beyond current market conditions, with the company aiming to support a $500 trillion global securities market through the evolution of Internet Capital Markets. This ambitious goal underscores the company's belief in blockchain technology's potential to transform traditional financial markets and securities trading. The company's Solana treasury strategy, initiated in September 2025, focuses on acquiring SOL and increasing SOL-per-share through bespoke strategies and active management of the company's treasury.
The company's approach has garnered support from industry-leading investors and operating partners, including Galaxy Digital, Jump Crypto, and Multicoin Capital. This institutional backing provides additional validation for Forward Industries' strategic direction and suggests confidence in both the company's management and the underlying Solana technology. The partnership network represents significant expertise in cryptocurrency markets and blockchain infrastructure development.
For additional information about Forward Industries, investors can access the company's newsroom at https://ccw.fm/FORD. The extension of the registration filing deadline represents a measured approach to corporate governance during volatile market periods, potentially setting a precedent for other companies navigating similar regulatory requirements in the cryptocurrency space. This development comes as the broader digital asset industry continues to mature and establish standardized practices for public company operations and disclosures.
Curated from InvestorBrandNetwork (IBN)