Company: FWDI
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001683168-25-006141
Chunk: 49

Company: Forward Industries, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 49
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 (including the sale of the OEM segment and resignation
of Mr. Terence Wise as the Company’s Chairman and Chief Executive Officer), there have been no material changes in our risk factors
from those disclosed in the Form 10-K for the fiscal year ended September 30, 2024.

ITEM 2.UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

There
were no unregistered sales of the Company’s equity securities during the three months ended June 30, 2025, that were not previously
disclosed in a Current Report on Form 8-K.

ITEM 3.DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4.MINE SAFETY DISCLOSURES

Not Applicable.

ITEM 5.OTHER INFORMATION

No officers, as defined in Rule 16a-1(f), or directors
adopted or terminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement,” as defined
in Regulation S-K Item 408, during the last fiscal quarter.

ITEM 6.EXHIBITS

The exhibits listed in the
accompanying “Index to Exhibits” are filed or incorporated by reference as part of this Form 10-Q.

 32 

Signatures

Pursuant to the requirements
of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned,
hereunto duly authorized.

Dated:  August 14, 2025

  FORWARD INDUSTRIES, INC.

  By: /s/ Michael Pruitt

  Michael Pruitt

  Interim Chief Executive Officer

  (Principal Executive Officer)

  By: /s/ Kathleen Weisberg

  Kathleen Weisberg

  Chief Financial Officer

  (Principal Financial and Accounting Officer)

 33 

EXHIBIT INDEX

    Incorporated by Reference

    Exhibit No.
     
    Exhibit Description
    Form
    Date
    Number
    Filed or Furnished Herewith
  
    2.1
     
    Stock Purchase Agreement dated January 18, 2018 - Intelligent Product Solutions, Inc.+
    8-K
    1/18/18
    2.1

    2.2
     
    Asset Purchase Agreement dated August 17, 2020 - Kablooe, Inc.+