Company: FWDI
Filing Date: 2025-09-11
Form Type: 8-K
Source: 0001683168-25-006838
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Company: Forward Industries, Inc.
Filing Date: 2025-09-11
Form: 8-K
Item: Item 1.01
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Item 1.01 Entry Into a Material Definitive
Agreement.

Asset Management Agreement

On September 10, 2025, Forward Industries, Inc.,
a New York corporation (the “ Company”) entered into that certain asset management agreement with Galaxy Digital Capital
Management LP, an SEC-registered investment adviser (the “Asset Manager”), pursuant to which the Company appointed
the Asset Manager to provide discretionary investment management services with respect to all of the cash, cash equivalents, stablecoins,
cryptocurrency and other investible assets (excluding (i) publicly-traded equities acquired pursuant to mergers, acquisitions, combinations
or other similar transactions pursuant to which the Company acquires or otherwise combines or merges with another publicly-traded digital
asset treasury company, (ii) privately offered equity securities and (iii) non-publicly traded convertible debt instruments) of the Company
(whether held by the Company directly or indirectly by a subsidiary or affiliate of the Company) (the “Asset Management Agreement”).
Title to the account and all account assets will be held in the Company’s name. The Asset Manager is not authorized to act as custodian
of the Company’s assets, nor to take possession or title to any assets.