---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-26-007543"
form_type: "8-K"
ticker: "FWDI"
cik: "0000038264"
company_name: "Forward Industries, Inc."
filed_at: "2026-10-01T21:30:46+00:00"
generated_at: "2026-10-12T14:29:07.740776+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Forward Industries grows SOL holdings 13% to 8.5M in fiscal Q4; SOL per share up 10.4% to 0.0806

## Summary
- SOL and SOL equivalents rose 948,601 (13%) to 8,501,298 at Sept 30, 2026 from 7,552,698 at June 30, about 1.4% of Solana's circulating supply; average cost $83/SOL.
- SOL per fully diluted share rose to 0.0806 from 0.0730 (+10.4% in the quarter, ~42% annualized) and is up 33% from 0.0604 at Sept 30, 2025.
- Net asset value climbed to $870.4M from $481.3M: $1.00B of SOL at $118.06 plus $26.9M other digital assets, less $167.5M institutional debt (up from $105M).
- Cash fell to $7.29M from $10.97M; fully diluted shares 105,535,801 and 76,288,215 common shares outstanding; mNAV 0.946x fully diluted at $7.80.
- OnRe's ONyc tokenized reinsurance market cap rose 40.7% to ~$286.2M from ~$203.4M; Solana tokenized RWA market grew to ~$4.3B from over $3.3B.

## SEC filing metadata
- accession: 0001683168-26-007543
- form_type: 8-K
- ticker: FWDI
- cik: 0000038264
- company_name: Forward Industries, Inc.
- filed_at: 2026-10-01T21:30:46+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/38264/000168316826007543/0001683168-26-007543-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/38264/000168316826007543/forward_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-26-007543
- JSON: https://secwatch.observer/filing/0001683168-26-007543.json
- Plain text: https://secwatch.observer/filing/0001683168-26-007543.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.