Forward Industries adds 226,396 SOL to 8.73M; SOL per share up 2.3% to 0.0824 since Sept 30

Forward Industries, Inc.

SOL and SOL equivalents rose from 8,501,298 (Sept 30) to 8,727,694 (Nov 9), up 2.7% at an average cost of $75 per SOL; ~1.5% of Solana circulating supply.
SOL per fully diluted share rose from 0.0806 to 0.0824, up 2.3% over the 40-day period (~21% annualized); fully diluted shares 105,933,854.
NAV fell to $600.3M from $870.4M with SOL valued at $86.61; mNAV 0.976x; cash and marketable securities $5.25M; institutional debt $187.5M.
Secured a $50M two-year credit facility at SOFR+150bps from an FDIC-insured national bank, secured by SOL that remains staked, with no rehypothecation.
Committed up to $50M to USHP, a tokenized U.S. home-price index co-anchoring its $100M launch; added Barclays as an ATM sales agent alongside Cantor.

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