Company: FWDI
Filing Date: 2025-11-03
Form Type: 424B5
Source: 0001683168-25-007923
Chunk: 7

Company: Forward Industries, Inc.
Filing Date: 2025-11-03
Form: 424B5
Chunk 7
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retive partnerships and acquisitions within the
Solana ecosystem.

| S-1 |

Our Treasury Policy is intended
to bring value to our shareholders through the following:

| · | utilizing intelligent capital markets issuances, including the issuance of equity, preferred and debt,                                  
 where we may issue capital for the benefit of shareholders to purchase and hold more SOL;                                               |
| · | staking the majority of the SOL in our treasury to earn a staking yield and turn the treasury into a productive                         
 asset;                                                                                                                                  |
| · | purchasing SOL at a discount to the current spot price, including through over the counter transactions                                 
 and strategic partnerships;                                                                                                             |
| · | actively participating in DeFi protocols and other onchain strategies to increase SOL per share; and                                    |
| · | selling our SOL holdings, whether on the open market, through block trades, or other negotiated transactions,                           
 for various reasons and at various times, including, in order to repurchase shares of our Common Stock when our Board of Directors (the 
 “Board”) believes such repurchases will result in accretive value creation for our shareholders and at such times when it               
 is legally permissible to do so.                                                                                                        |

We believe that SOL is the
fastest and most used public blockchain in the world, processing more transactions and generating more on chain fee revenue than all other
blockchains combined. Solana has established itself as a high-performance blockchain and one of the most active onchain ecosystems, primarily
due to its differentiated approach to blockchain design, committed and growing developer community and strong social layer.

There can be no assurance
that the value of SOL will increase, and investors should carefully consider the risks associated with digital assets. See “Risk Factors - Risks Related to the Company’s Business and Solana Strategy and Holdings” for additional information.

To earn staking rewards, we
intend to delegate our SOL to our own validators, which are operated by third-party service providers through a white-label arrangement.
We may also delegate to other third-party SOL validators via Solana’s in-protocol delegation system. We will continue to keep the
SOL held by third-party custodians. This means we deposit our SOL into a stake account, which is then delegated to a validator’s
vote account. Both our validators and the third-party validators we select are integrated into our qualified custodians’ platforms,
allowing us to stake SOL to them directly from our custody accounts. We will work closely with our white-label service provider for our