Forward Industries extends SEC filing deadline through waiver agreement

Forward Industries, Inc. (NASDAQ:FORD) announced Friday that it has entered into a Waiver and Consent agreement with certain holders of its securities. According to a company statement based on a recent SEC filing, the agreement was signed with holders who collectively own at least 50.1% of the company’s outstanding registrable securities, as defined in a prior Registration Rights Agreement dated September 6, 2025.

The Waiver and Consent grants Forward Industries an extension for filing its initial resale registration statement with the Securities and Exchange Commission. The new deadline is now set for the 60th calendar day following the closing date, as defined in the Registration Rights Agreement. The original filing date requirement has been waived by the participating security holders.

The company stated that the descriptions of the Waiver and Consent and the Registration Rights Agreement are qualified in their entirety by the full agreements, which have been filed as exhibits to the current Form 8-K.

Forward Industries is incorporated in New York and its common stock is listed on the NASDAQ Capital Market under the ticker FORD. The company’s interim chief executive officer, Michael Pruitt, signed the filing.

This information is based on a statement included in the company’s Form 8-K filed with the Securities and Exchange Commission.

In other recent news, Forward Industries has made significant strides in its Solana strategy. The company announced the closure of a $1.65 billion private investment in public equity (PIPE) financing, with major contributions from Galaxy Digital, Jump Crypto, and Multicoin Capital. Utilizing the proceeds, Forward Industries deployed approximately $1.58 billion to acquire 6,822,000 Solana tokens at an average price of $232 per token. Additionally, Forward Industries has filed an automatic shelf registration statement with the SEC, which includes an at-the-market equity offering for up to $4 billion to further support its Solana token strategy.

In a move to enhance its blockchain capabilities, Forward Industries launched an institutional-grade validator node on the Solana blockchain through DoubleZero’s network, offering a 0% commission for investors. The company has also partnered with Superstate to tokenize its shares on the Solana blockchain, allowing stockholders to hold their shares digitally through Superstate’s Opening Bell platform. Forward Industries plans to take an equity stake in Superstate as part of this collaboration, although specific terms were not disclosed. These developments highlight Forward Industries’ commitment to expanding its presence in the blockchain and cryptocurrency space.

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