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Cointelegraph by Sam Bourgi

Forward Industries funds $27.4M share buyback with Solana-backed Galaxy loan

Forward Industries said Thursday it will repurchase 6,164,324 common shares from an unnamed institutional investor for about $27.4 million, cutting shares outstanding to 76,977,809. The buyback is financed by a $40 million loan from Galaxy Digital LLC at 3.4% interest, secured by 7,013,536 SOL worth roughly $613 million at current market prices.
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