Leadership & Pay ·
On July 14, 2026, Forward Industries, Inc. appointed Michael Ashe, Chief Strategy Officer of Galaxy Digital Inc., to…
FWDIForward Industries, Inc.
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.