Forward Industries adds over 500K SOL as shares jump 17% and treasury sits $1B underwater

Forward Industries bought over 500,000 SOL in fiscal Q3 for more than $38 million, lifting its balance sheet to about 7.55 million SOL worth roughly $579 million. FWDI popped nearly 17% to $4.94, but the stock is still down about 26% over six months and 89% below its $46 52-week high. The treasury math is still brutal: Forward bought most of its original 6.8 million SOL around $232, leaving it with more than $1 billion in unrealized losses at SOL just under $77.

TLDR by @Benthic

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