Forward Industries disclosed that as of November 9, it held approximately 8.73 million SOL and SOL equivalents, representing approximately 1.5% of the circulating supply of SOL; it increased its holdings by approximately 226,000 SOL during the quarter, with an average cost of $75.
The company secured a $50 million two-year credit line from a federally chartered national bank, secured by SOL, at an interest rate of SOFR plus 150 basis points, to advance its SOL++ strategy. In addition, Forward Industries committed up to $50 million to USHP and acquired a minority stake in Index Industries.
