{"id":15213,"date":"2025-11-04T21:15:05","date_gmt":"2025-11-04T21:15:05","guid":{"rendered":"https:\/\/bitunikey.com\/news\/forward-industries-shares-down-25-after-unlocking-pipe-shares\/"},"modified":"2025-11-04T21:15:13","modified_gmt":"2025-11-04T21:15:13","slug":"forward-industries-shares-down-25-after-unlocking-pipe-shares","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/forward-industries-shares-down-25-after-unlocking-pipe-shares\/","title":{"rendered":"Forward Industries shares down 25% after unlocking PIPE shares"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Shares of the Solana treasury firm Forward Industries have declined 25% today amid a flight from risky assets.<\/p>\n<div id=\"cn-block-summary-block_ffb7b6be1091592501a523093d4523ad\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Solana treasury firm Forward Industries authorizes $1B stock repurchase<\/li>\n<li>The company\u2019s stock fell 20% on broader risk-off sentiment in the markets<\/li>\n<li>Solana fell 7.5% to $154 amid a crypto market sell-off<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Risk-off sentiment hit both the equity and crypto assets, with valuations getting crushed. On Tuesday, Nov. 4, shares of the Solana treasury firm Forward Industries dropped 25%, while Solana was down 7.5%.<\/p>\n<p>The steep decline followed the company\u2019s announcement that it had registered the shares sold in its September 2025 private placement. This means that investors who bought shares in the PIPE deal can immediately resell them on the open market.<\/p>\n<p>The September deal raised $1.58 billion from private investors. It also enabled the firm to buy 6.822 million Solana (SOL) at an average price of $232 per token. Galaxy Digital, Jump Crypto, and Multicoin Capital, were among the firms that invested.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Forward Industries authorizes $1b share buyback<\/h2>\n<p>To boost its declining share price, Forward Industries announced that its board <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.businesswire.com\/news\/home\/20251104964973\/en\/Forward-Industries-Announces-Resale-Prospectus-Supplement-Board-Authorizes-New-%241-Billion-Share-Repurchase-Program\" target=\"_blank\" rel=\"nofollow\">approved<\/a> a share repurchase program worth up to $1 billion. The authorization, signed on November 3, will expire on Sept. 30, 2027. The program means that the company is allowed to, but doesn\u2019t have to, buy back up to $1 billion worth of its own shares.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe authorization gives us flexibility to return capital to shareholders when we believe our stock trades below intrinsic value, all while continuing to execute our The Solana treasury and operational initiatives,\u201d said Kyle Samani, Chairman of the Board. <\/p>\n<\/blockquote>\n<p>Crypto treasury firms use a combination of debt, staking, and yield strategies to outperform the underlying asset. However, these strategies often turn them into a leveraged bet, making them more volatile than the crypto assets they invest in.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Shares of the Solana treasury firm Forward Industries have declined 25% today amid a flight from risky assets. Summary Solana treasury firm Forward Industries authorizes $1B stock repurchase The company\u2019s&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1079,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-15213","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/15213","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=15213"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/15213\/revisions"}],"predecessor-version":[{"id":15214,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/15213\/revisions\/15214"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1079"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=15213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=15213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=15213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}