Company: FWDI
Filing Date: 2025-11-10
Form Type: 424B5
Source: 0001683168-25-008141
Chunk: 22

Company: Forward Industries, Inc.
Filing Date: 2025-11-10
Form: 424B5
Chunk 22
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 ParaFi Digital Opportunities LP          |     | 1,351,35219 |     | 1.6% |     | 1,351,352 |     | — |     | — |
| 20. | ParaFi Quantitative Strategies LP        |     |   378,37920 |     | *%   |     |   378,379 |     | — |     | — |
| 21. | ParaFi Venture Fund II LP                |     |    54,05521 |     | *%   |     |    54,055 |     | — |     | — |
| 22. | Seven Grand Partners, LLC                |     |     2,59522 |     | *%   |     |     2,595 |     | — |     | — |
| 23. | SummitTX Master SPC Alpha                |     |    30,02723 |     | *%   |     |    30,027 |     | — |     | — |
| 24. | SummitTX Master, SPC APEX                |     |    29,35624 |     | *%   |     |    29,356 |     | — |     | — |
| 25. | SummitTX Pinnacle Master, LP             |     |    48,72525 |     | *%   |     |    48,725 |     | — |     | — |
| 26. | Timothy Wei Revocable Trust              |     |    13,51426 |     | *%   |     |    13,514 |     | — |     | — |

* less than 1%

____________________________

| (1) | Consists of 13,514 shares of our common stock acquired by Alex Tanner Cline. Alex Tanner Cline is located 
 at 1061 E. Indiantown Rd., Suite 204, Jupiter, FL 33477, United States.                                   |

| (2) | Consists of 81,082 shares of our common stock acquired by Butterfly Research, Inc. Butterfly Research,                     
 Inc. is controlled by Benjamin Coverston and is located at 17 State Street, Suite 4000, New York, NY 10004, United States. |

| (3) | Consists of 16,217 shares of our common stock acquired by Carbon Invest Pte Ltd. Carbon Invest Pte Ltd