Company: FWDI
Filing Date: 2025-12-11
Form Type: 10-K
Source: 0001683168-25-009068
Chunk: 435

Company: Forward Industries, Inc.
Filing Date: 2025-12-11
Form: 10-K
Item: Item 2
Chunk 435
---
forward-looking
statements”, as such term is used within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other
than historical factual information are forward-looking statements, including, without limitation, statements regarding future performance
and management’s plans and strategies for future operations, including the implementation and anticipated benefits of our digital
asset treasury strategy, intentions of our staking activities, our liquidity and the management of our liquidity, our beliefs regarding
SOL, the SOL blockchain and ecosystem, anticipated sales under the ATM offering or purchases under the share buyback program, anticipated
hirings, as well as other statements regarding our future operations, financial condition and prospects, and business strategies. Forward-looking
statements generally can be identified by words such as “anticipates,” “believes,” “estimates,” “expects,”
“intends,” “plans,” “predicts,” “projects,” “will be,” “will continue,” “will
likely result,” and similar expressions. These forward-looking statements are based on current expectations and assumptions that
are subject to risks and uncertainties, which could cause our actual results to differ materially and adversely from those reflected in
the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to those discussed
in this report, and in particular, the risks discussed under the caption “Risk Factors” in Item 1A of this report and those
discussed in other documents we file with the SEC.  Forward-looking statements herein speak only as of the date of this report. We
undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements, except as required
by law. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements.

Business Overview

Forward Industries, Inc.
is a design company serving top tier medical and technology customers. The Company provides hardware and software product design and engineering
services to customers predominantly located in the U.S. The Company also acquires and holds Solana (“SOL”) and other digital
assets and has adopted SOL as its primary treasury reserve asset. On November 17, 2025, the Company changed its ticker symbol on the Nasdaq
Capital Market from FORD to FWDI.

New Digital Asset Treasury Strategy

On September 8, 2025, in connection
with a private placement with certain accredited investors, we announced the launch of our digital asset treasury strategy, pursuant to
which we plan to