Forward Industries (FORD) announced the filing with the SEC of the company’s resale prospectus supplement pursuant to the Company’s effective registration statement on Form S-3 filed earlier this year. The resale prospectus supplement registers for resale certain shares of common stock previously issued in the company’s September private placement and became automatically effective upon filing. In connection with this milestone, Forward Industries’ board of directors has also authorized, on November 3, a share repurchase program under which the company may repurchase up to $1B of its outstanding common stock. The authorization will expire on September 30, 2027.
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