Company: FWDI
Filing Date: 2025-09-17
Form Type: 8-K
Source: 0001683168-25-007047
Chunk: 0

Company: Forward Industries, Inc.
Filing Date: 2025-09-17
Form: 8-K
Item: Item 1.01
Chunk 0
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Item 1.01 Entry into a Material Definitive
Agreement.

On September 16, 2025, Forward Industries, Inc.,
a New York corporation (the “ Company”), entered into a Controlled Equity Offering Sales Agreement (the “ Sales
Agreement”) with Cantor Fitzgerald & Co. (“ Cantor”), pursuant to which the Company, from time to
time, at its option may offer and sell shares (the “ ATM Shares”) of its common stock, par value $0.01 per share (the
“ Common Stock”), to or through Cantor, acting as principal and/or sales agent having an aggregate sales price of up
to $4 billion (the “ ATM Offering”).

Subject to the terms and conditions of the Sales
Agreement, Cantor will use its commercially reasonable efforts consistent with its normal trading and sales practices to sell the ATM
Shares from time to time, based upon the Company’s instructions. The Company has provided Cantor with customary indemnification
and contribution rights in favor of Cantor, and Cantor will be entitled to a commission of 3.0% of the gross proceeds from each sale of
the ATM Shares pursuant to the Sales Agreement.

Sales of the ATM Shares, if any, under the Sales
Agreement may be made in transactions that are deemed to be “at the market offerings” as defined in Rule 415 under the Securities
Act of 1933, as amended (the“ Securities Act”) or by any other method permitted by law. The Company has no obligation
to sell any of the ATM Shares and may at any time suspend offers under the Sales Agreement or terminate the Sales Agreement.