Company: FWDI
Filing Date: 2025-11-14
Form Type: 424B5
Source: 0001683168-25-008451
Chunk: 39

Company: Forward Industries, Inc.
Filing Date: 2025-11-14
Form: 424B5
Chunk 39
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 and Multicoin
Capital Master Fund, LP (“Multicoin,” and together with Galaxy and Jump Crypto, the “Sponsors”)
to secure the commitment of Jump Crypto and Multicoin in the Private Placement. In consideration of Jump Crypto and Multicoin’s
participation, we issued to each of Jump Crypto and Multicoin in addition to the Securities acquired by Jump Crypto and Multicoin pursuant
to the Securities Purchase Agreement 1,783,519 shares of our Common Stock (the “Lead Investor Shares”) and 4,458,796
warrants to purchase an amount of shares of the Common Stock (the “Lead Investor Warrants”). The exercise price per
share of the Lead Investor Warrants shall equal one penny ($0.01) per share and shall be exercisable as follows: (1) one-third (1/3) of
the Lead Investor Warrants shall be exercisable on and after the first date on which the closing trading price of the Company’s
Common Stock on its principal stock exchange is equal to or greater than 150% of the cash Per Share Purchase Price for 20 out of 30 trading
days following the effectiveness of this registration statement; (2) one-third (1/3) of the Lead Investor Warrants shall be exercisable
on and after the first date on which the closing trading price of the Company’s Common Stock on its principal stock exchange is
equal to or greater than 200% of the cash Per Share Purchase Price for 20 out of 30 trading days following the effectiveness of this registration
statement; and (3) one-third (1/3) of the Lead Investor Warrants shall be exercisable on and after the first date on which the closing
trading price of the Company’s Common Stock on its principal stock exchange is equal to or greater than 250% of the cash Per Share
Purchase Price for 20 out of 30 trading days following the effectiveness of this registration statement. Pursuant to the Lead Investor
Agreement, for so long as Multicoin continues to beneficially own at least 5% of the Company’s issued and outstanding shares of
Common Stock, Multicoin has the right to nominate one individual for election to the Board, who shall also be chairperson of the Board
(such nominee, the “Investor Designee”), and the Company agreed to use its reasonable best efforts to cause the Investor
Designee to be elected to the Board (including recommending that the Company’s