Company: FWDI
Filing Date: 2025-11-14
Form Type: 424B5
Source: 0001683168-25-008451
Chunk: 36

Company: Forward Industries, Inc.
Filing Date: 2025-11-14
Form: 424B5
Chunk 36
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digital assets may fall within the jurisdiction of more than one financial regulator and various courts and such laws and regulations
are rapidly evolving and increasing in scope. The laws and regulations applicable to SOL and digital assets are evolving and subject to
interpretation and change.

Governments around the world have reacted differently
to digital assets; certain governments have deemed them illegal, and others have allowed their use and trade without restriction, while
in some jurisdictions, such as the U.S., digital assets are subject to overlapping, uncertain and evolving regulatory requirements.

As digital assets have grown in both popularity
and market size, the U.S. Executive Branch, Congress and a number of U.S. federal and state agencies, including the Financial Crimes Enforcement
Network, the CFTC, the SEC, the Financial Industry Regulatory Authority, the Consumer Financial Protection Bureau, the Department of Justice,
the Department of Homeland Security, the Federal Bureau of Investigation, the Internal Revenue Service and state financial regulators,
have been examining the operations of digital asset networks, digital asset users and digital asset exchanges, with particular focus on
the extent to which digital assets can be used to violate state or federal laws, including to facilitate the laundering of proceeds of
illegal activities or the funding of criminal or terrorist enterprises, and the safety and soundness and consumer-protective safeguards
of exchanges or other service-providers that hold, transfer, trade or exchange digital assets for users. Many of these state and federal
agencies have issued consumer advisories regarding the risks posed by digital assets to investors. In addition, federal and state agencies,
and other countries have issued rules or guidance regarding the treatment of digital asset transactions and requirements for businesses
engaged in activities related to digital assets.

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Corporate Information

Our principal executive offices are located at
700 Veterans Memorial Highway, Suite 100, Hauppauge, NY 11788, and our telephone number is (631) 430-6576. Our website address is www.forwardindustries.com.
Our website and the information contained on, or that can be accessed through, our website is not part of this prospectus, any prospectus
supplement, or any registration statement, and is not incorporated by reference into this prospectus or any other filing with the SEC.

Recent Developments

Securities Purchase Agreement

On September 6, 2025, we entered into a securities
purchase agreement (the “Securities Purchase Agreement”) with certain accredited investors (the “Purchasers”)
pursuant to which we