Company: FWDI
Filing Date: 2025-05-23
Form Type: 8-K
Source: 0001683168-25-003989
Chunk: 0

Company: Forward Industries, Inc.
Filing Date: 2025-05-23
Form: 8-K
Item: Item 1.01
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Item 1.01. Entry into a Material Definitive
Agreement.

On May 23, 2025, Forward Industries, Inc. (the
“ Company”) entered into Securities Purchase Agreements dated May 23, 2025 (“ Purchase Agreements”) with C/M Capital
Master Fund, LP and WVP-Emerging Manager Onshore Fund, LLC-Structured Small Cap Lending Series (collectively, the “ Investors”)
whereby the Investors were issued an aggregate of 1,000,000 shares of Series B Preferred Stock (“ Series B”) in aggregate consideration
for $1,000,000. Additionally, the Investors were issued an aggregate of 111,111 warrants exercisable at $6.50 per share. The Company intends
to use the proceeds from the issuance of the Notes for working capital and general corporate purposes.

In addition, pursuant to the Purchase Agreements,
the Company entered into a Registration Rights Agreement (the “ Registration Rights Agreement”) with each of the Investors
pursuant to which the shares of common stock issuable upon conversion of the Series B to the Investors and underling the warrants, subject
to certain conditions, are entitled to registration under the Securities Act of 1933. Pursuant to the Registration Rights Agreement, the
Company is required to, within 90 days following the closing date, file a registration statement to register the shares underlying the
preferred and warrants, unless waived.

Item 3.02. Unregistered Sales of Equity Securities.