Company: FWDI
Filing Date: 2025-12-11
Form Type: 10-K
Source: 0001683168-25-009068
Chunk: 165

Company: Forward Industries, Inc.
Filing Date: 2025-12-11
Form: 10-K
Item: Item 1A
Chunk 165
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 regulators on crypto asset activities;

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    Volatility in the price of crypto assets, specifically SOL;

    ·
    Our failure to meet our revenue and earnings guidance or our failure to meet financial analysts’ performance expectations;

    ·
    Cybersecurity breaches; 

    ·
    The loss of customers or our failure to attract more customers;

    ·
    Creditworthiness and solvency of counterparties and clients;

    ·
    Loss of key employees;

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    The sale of a large amount of common stock by our shareholders;

    ·
    Our announcement of a pending or completed acquisition or our failure to complete a proposed acquisition;

    ·
    An adverse court ruling or regulatory action;

    ·
    Changes in regulatory practices, including tariffs and taxes; 

    ·
    Changes in market valuations of similar companies;

    ·
    Short selling activities;

    ·
    Our announcement of any financing or a change in the direction of our business;

    ·
    Announcements by us, or our competitors, of significant contracts, acquisitions, commercial relationships, joint ventures or capital commitments; or

    ·
    Other forces outside of our control such as inflation, Federal Reserve interest rate increases and the recessionary environment it could bring, geopolitical turmoil, and other developments that could adversely impact the U.S. and global economies and erode investor sentiment.

In the past, following periods
of volatility in the market price of a company’s securities, securities class action litigation has often been instituted. A securities
class action suit against us could result in substantial costs and divert our management’s time and attention, which would otherwise
be used to benefit our business.

If we become subject to a regulatory investigation,
it could cause us to incur substantial costs or require us to change our business practices in a manner materially adverse to our business.

From time to time, we may receive
inquiries from regulators regarding our compliance with laws and other matters. In 2019, we incurred significant expenses responding to
an SEC investigation into potential insider trading by certain insiders of the Company. Although that investigation has concluded with
no enforcement action taken against the Company, responding to or defending against other such regulatory inquiries or investigations
would cause us to incur substantial expenses and divert our management’s attention.

Violation of existing or future
regulatory orders or consent decrees could subject us to substantial monetary fines and other penalties that could negatively affect our
financial condition and results of operations. In addition, it is possible that future orders