Forward Industries to repurchase 6,164,324 common shares for USD 27.4 million

Reuters

Mar 19

Forward Industries to repurchase 6,164,324 common shares for USD 27.4 million

Forward agreed to repurchase 6,164,324 shares of common stock from an institutional investor in a privately negotiated transaction.
The total purchase cost is 27.4 million.
Common shares outstanding are expected to decline from 83,142,133 to 76,977,809.
To finance the repurchase, the company borrowed 40 million under a Master Digital Currency Loan Agreement with Galaxy Digital.
The loan carries a weighted average annual interest rate of about 3.4% APR.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Forward Industries Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603190755PRIMZONEFULLFEED9675195) on March 19, 2026, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Forward Industries Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603190755PRIMZONEFULLFEED9675195) on March 19, 2026, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}