Solana Financial Firm Forward Industries Sees 25% Decline in Shares Amid Risk Aversion
Shares of Solana financial firm Forward Industries fell 25% today amid a flight from risky assets, with the company’s stock experiencing a significant decline following the announcement of a $1 billion share buyback program.
The decline in Forward Industries’ shares is attributed to a broader risk aversion in markets, which has also affected the crypto market. Solana, in particular, fell 7.5% to $154, according to recent data.
Key points to note include:
- Solana financial firm Forward Industries approves $1 billion share buyback
- The company’s shares fell 20% amid broader risk aversion in markets
- Solana fell 7.5% to $154 due to a sell-off in the crypto market
Market Volatility and Share Buyback Program
Risk aversion has hit both equity and crypto assets, causing valuations to collapse. The sharp decline followed the company’s announcement that it had registered the shares sold in its private placement in September 2025. This means that investors who purchased shares as part of the PIPE deal can immediately resell them on the open market.
The September deal raised $1.58 billion from private investors, including Galaxy Digital, Jump Crypto, and Multicoin Capital. It also allowed the company to purchase 6.822 million Solana (SOL) at an average price of $232 per token.
Forward Industries’ Share Buyback Program
To boost its sagging stock price, Forward Industries announced that its board had approved a stock repurchase program worth up to $1 billion. The authorization, signed on November 3rd, expires on September 30th, 2027. The program stipulates that the company may, but is not required to, repurchase its own shares worth up to $1 billion.
According to Kyle Samani, Chairman of the Board, “The authorization gives us the flexibility to return capital to shareholders if we believe our shares are trading below intrinsic value, while continuing to implement our treasury and operational initiatives at The Solana.” Crypto treasury firms like Forward Industries use a combination of debt, staking, and return strategies to outperform the underlying asset, but these strategies often turn them into a leveraged bet, making them more volatile than the crypto assets in which they invest.
For more information, visit https://crypto.news/forward-industries-shares-dip-unlocking-pipe-shares/
