Company: FWDI
Filing Date: 2025-11-03
Form Type: 424B5
Source: 0001683168-25-007923
Chunk: 43

Company: Forward Industries, Inc.
Filing Date: 2025-11-03
Form: 424B5
Chunk 43
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 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 sold and issued to the Purchasers in a private placement (the “Private Placement”) an aggregate
of (i) 77,144,562 shares (the “Shares”) of common stock of the Company, par value $0.01 per share (the “Common Stock”), at an offering price of $18.50 and (ii) pre-funded warrants (the “Pre-Funded Warrants” and together
with the Shares, the “Securities”) to purchase 12,031,364 shares of Common Stock (the “Pre-Funded Warrant Shares”) with $18.49999 of the exercise price per Pre-Funded Warrant that was pre-funded at closing (the “Per Share Purchase Price”). In the Private Placement, the Purchasers tendered U.S. dollars, USD Coin (USDC) or Tether (USDT) to the Company
as consideration for the Securities. The Private Placement closed on September 10, 2025. We received aggregate proceeds of approximately
$1.65 billion, before deducting placement agent fees and expenses.

The unfunded exercise price of each Pre-Funded
Warrant equals $0.00001 per underlying Pre-Funded Warrant Share. The exercise price and the number of shares of Common Stock issuable
upon exercise of each Pre-Funded Warrant is subject to appropriate adjustment in the event of certain stock dividends, stock splits, stock
combinations, or similar events affecting our Common Stock. The Pre-Funded Warrants are exercisable in cash or by means of a cashless
exercise and will not expire until the date such Pre-Funded Warrants are fully exercised. The Pre-Funded Warrants may not