Forward Industries, Inc.

Good afternoon and welcome to the Forward Industries Fiscal Third Quarter 2026 Earnings Conference Call. At this time, all participants are in a listen-only mode. Following management's prepared remarks, we will open the call for a question-and-answer session. As a reminder, this call is being recorded, and a replay will be available on the company's Investor Relations website. I would now like to turn the call over to Georgia Quinn, General Counsel of Forward Industries. Please go ahead.

Thank you, Operator, and good afternoon, everyone. Welcome to Forward Industries' earnings call for our fiscal third quarter, which ended June 30, 2026. Joining me on today's call are Kyle Samani, our Chairman, Ryan Navi, our Chief Investment Officer, and Mark Brazier, our Chief Financial Officer. Earlier this afternoon, we issued a press release announcing our financial and operating results for the quarter. That release, along with the presentation accompanying today's remarks, is available on the Investor Relations section of our website at www.forwardindustries.com. Before we begin, I need to remind everyone that certain statements made on today's call are forward-looking statements within the meaning of the federal securities laws. These statements include, among other things, statements regarding our Solana Treasury strategy, our expectations for sole per share growth, our expected returns on certain investments, our capital allocation plans, pending or potential acquisitions, and regulatory developments. Forward-looking statements involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied on this call. We describe these risks in our filings with the Securities and Exchange Commission, including our most recent form, 10-K, and subsequent Form 10-Q firings. We undertake no obligation to update any forward-looking statement except as required by law. In addition, during today's call, we will refer to certain operating metrics, including sole holdings, sole per share, and MNAV. These are operational measures we use to describe our Treasury strategy. They are not prepared in accordance with U.S. GAAP. and they should be considered alongside, not as substitutes, for our GAAP financial results. Definitions and methodology for these metrics are included on our website. With that, I'll turn the call over to our chairman, Kyle Samani. Kyle?

Thank you, Georgia, and thank you to everyone joining us this afternoon. This was our third full quarter executing the Solana Treasury Strategy we launched last September, and I want to open with the numbers that matter most to how we run this company. As of June 30th, we held approximately 7.6 million SOL tokens and SOL equivalents. SOL per share on a fully diluted basis was 0.0730, which is up from 0.0669 at March 31st, which translates to an annualized growth rate of approximately 36%. That momentum has continued into the current quarter. As of August 3rd, we hold approximately 7.8 million SOL tokens, having added approximately another 254,000 SOL tokens