Company: FWDI
Filing Date: 2025-09-08
Form Type: 8-K
Source: 0001683168-25-006734
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Company: Forward Industries, Inc.
Filing Date: 2025-09-08
Form: 8-K
Item: Item 1.01
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Item 1.01 Entry Into a Material Definitive Agreement.

Securities Purchase Agreement

On September 6, 2025, Forward Industries, Inc., a
New York Corporation (the “ Company”), entered into a securities purchase agreement (the “ Securities Purchase
Agreement”) with certain accredited investors (the “ Purchasers”) pursuant to which the Company agreed to
sell and issue to the Purchasers in a private placement (the “ Private Placement”) an aggregate of 89,189,189 shares
(the “ Shares”) of common stock of the Company, par value $0.01 per share (the “ Common Stock”),
at an offering price of $18.50 (and/or pre-funded warrants in lieu thereof (the “Pre-Funded Warrants” and together
with the Shares, the “ Securities”) to purchase shares of Common Stock (the “Pre-Funded Warrant Shares”)
with $18.49999 of the exercise price per Pre-Funded Warrant being pre-funded on the Closing Date (as defined below)), subject to adjustment
for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that occur
after the date of the Securities Purchase Agreement and prior to the Closing Date (as defined below) (the “ Per Share Purchase
Price”). In the Private Placement, the Purchasers will tender U. S. dollars, USD Coin (USDC) or Tether (USDT) to the Company
as consideration for the Shares and Pre-Funded Warrants.

The unfunded exercise price of each Pre-Funded
Warrant will equal $0.00001 per underlying Pre-Funded Warrant Share. The exercise price and the number of shares of Common Stock issuable
upon exercise of each Pre-Funded Warrant is subject to appropriate adjustment in the event of certain stock dividends, stock splits, stock
combinations, or similar events affecting the Common Stock. The Pre-Funded Warrants are exercisable in cash or by means of a cashless
exercise and will not expire until the date such Pre-Funded Warrants are fully exercised. The Pre-Funded Warrants may not be exercised
if the aggregate number of shares of Common Stock beneficially owned by the holder thereof (together with its affiliates) immediately
following such exercise would exceed a specified beneficial ownership limitation; provided, however, that a holder may increase or
decrease the beneficial ownership limitation by giving notice to the Company (61 days’ notice for increases), but not