A financial company focused on Solana tokens, Forward Industries, has agreed to repurchase 6.16 million shares for $27.4 million, a move that will reduce its circulating share count and increase its SOL value per share to 0.0662. The transaction is funded by a $40 million loan provided by Galaxy Digital at an annual interest rate of 3.4%, with staked SOL tokens serving as collateral, enabling the company to continue earning staking rewards. Meanwhile, as part of an overall cost optimization plan, the company expects to reduce its selling, general and administrative expenses by 45% to $3.6 million by the third quarter.