On July 14, 2026, Forward Industries, Inc. appointed Michael Ashe, Chief Strategy Officer of Galaxy Digital Inc., to its Board of Directors. Mr. Ashe's appointment involves existing and ongoing related-party transactions with Galaxy and its affiliates. These include a share repurchase program where Galaxy Securities LLC acts as an agent for up to 4,000,000 shares, a digital currency loan agreement with Galaxy Digital LLC, and SOL option contracts with Galaxy Trading Mercury LLC. As of the report date, the company has paid approximately $90,000 in repurchase fees, $373,000 in loan interest, and $1,300,000 in premium fees, alongside $3,700,000 to exercise options for 46,000 SOL. Forward Industries, Inc. provides industrial and commercial equipment solutions.

Forward Industries, Inc. responded to a letter from Brera Holdings PLC alleging that the company has been acting in concert with Viktor Fischer, RockawayX, and RBCH Ltd. as an undisclosed group under Section 13(d)(3) of the Securities Exchange Act. The company maintains that the allegations are meritless. Forward Industries, Inc. provides digital and infrastructure solutions for various industries.

Forward Industries, Inc. announced that its non-binding, all-stock acquisition proposals for SkyAI, Inc. and Solana Company (HSDT) both failed to proceed. SkyAI did not respond to the proposal by the expiration date of June 12, 2026, while Solana Company's board declined the offer. Forward Industries, Inc. operates in the digital asset and technology sector.

On June 9, 2026, Forward Industries, Inc. confirmed it made an indicative, non-binding proposal on June 1, 2026, to acquire the entire share capital of Brera Holdings PLC in an all-stock transaction. The company stated there is no certainty that a formal offer will be made. Forward Industries operates in the digital assets and cryptocurrency market.