After 89% Plunge, Forward Industries Taps Loan to Fuel Solana-Driven Buyback

TL;DR:The firm will repurchase over 6 million shares of FWDI common stock for a total of $27.4 million, reducing its float by 7.4%.The operation was financed through a $40 million crypto loan from ...

By · · 1 min read
After 89% Plunge, Forward Industries Taps Loan to Fuel Solana-Driven Buyback

Source: cryptonews.net

TL;DR:The firm will repurchase over 6 million shares of FWDI common stock for a total of $27.4 million, reducing its float by 7.4%.The operation was financed through a $40 million crypto loan from Galaxy Digital, backed by the Solana (SOL) staking in its ...

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