10:36 AM EST, 11/04/2025 (MT Newswires) -- Forward Industries ( FORD ) said Tuesday its board authorized a stock repurchase program of up to $1 billion on Nov. 3, with the authorization set to expire Sept. 30, 2027.

The company said it may repurchase shares through open-market transactions, block trades, or privately negotiated deals, including accelerated share repurchases.

Forward also filed a resale prospectus supplement with the US Securities and Exchange Commission to register shares issued in a September private placement.

The filing allows certain stockholders to resell those shares and shares issuable upon warrant exercise, while the company will not receive any proceeds from such sales.

Shares of Forward Industries ( FORD ) were down nearly 23% in recent trading.

Price: 10.81, Change: -3.17, Percent Change: -22.68