Company: FWDI
Filing Date: 2025-09-08
Form Type: 8-K
Source: 0001683168-25-006734
Chunk: 4

Company: Forward Industries, Inc.
Filing Date: 2025-09-08
Form: 8-K
Item: Item 1.01
Chunk 4
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 SEC declares the Resale Registration Statement to be effective (or the Resale Registration
Statement goes effective pursuant to its terms) until (i) the date on which the Purchasers shall have resold or otherwise disposed of
all the Registrable Securities (as such term is defined in the Registration Rights Agreement) covered thereby, or (ii) the date on which
the Registrable Securities may be resold by the Purchasers without registration and without regard to any volume or manner-of-sale limitations
by reason of Rule 144, without the requirement for the Company to be in compliance with the current public information requirement under
Rule 144 or any other rule of similar effect.

The Company has granted the Purchasers customary indemnification
rights in connection with the Registration Rights Agreement. The Purchasers have also granted the Company customary indemnification rights
in connection with the Registration Rights Agreement.

The foregoing descriptions of the Securities Purchase
Agreement, Registration Rights Agreement and the Pre-Funded Warrant are not complete and are qualified in their entirety by reference
to forms of Securities Purchase Agreement, Registration Rights Agreement and Pre-Funded Warrant, which are filed as Exhibits 10.1, 10.2
and 4.1, respectively, to this Current Report on Form 8-K and are incorporated by reference herein.

Galaxy Strategic Advisor Agreement

On September 6, 2025, the Company entered into a Strategic
Advisor and Lead Investor Agreement (the “ Strategic Advisor Agreement”) with Galaxy Digital LP (“ Galaxy”)
pursuant to which the Company engaged Galaxy to serve as a strategic advisor to the Company with respect to the Private Placement. In
consideration of Galaxy’s services, the Company will issue to Galaxy on the Closing Date in addition to the Securities acquired
by Galaxy pursuant to the Securities Purchase Agreement: (i) an aggregate number of Securities (the “ Advisor Shares”),
at the election of Galaxy, equal to 2% of the aggregate number of Shares purchased in the Private Placement (the “ PIPE Shares”)
and (ii) an aggregate number of warrants to purchase an amount of shares of the Common Stock (the “ Advisor Warrants”)
equal to 5% of the PIPE Shares. The exercise price per share of the Advisor Warrants shall equal one penny ($0.01) per share and shall
be exercisable as follows: (1) one-third (1/3) of the Advisor Warrants shall be exercisable on and after the first date on which the closing
trading