secwatch.observer — SEC 8-K summary
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Issuer:     Forward Industries, Inc. (FWDI)
CIK:        0000038264
Form:       8-K
Filed at:   2026-11-10T22:10:32+00:00
Accession:  0001683168-26-008510
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/38264/000168316826008510/0001683168-26-008510-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/38264/000168316826008510/forward_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-26-008510

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