Company: FWDI
Filing Date: 2025-12-11
Form Type: 10-K
Source: 0001683168-25-009068
Chunk: 1719

Company: Forward Industries, Inc.
Filing Date: 2025-12-11
Form: 10-K
Item: Item 15
Chunk 1719
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The Company relies on certain
third-party providers to perform certain functions essential to its operations. Any disruptions to the Company’s service providers’
business operations resulting from business failures, financial instability, security failures, government mandated regulation or operational
problems could have an adverse impact on the Company’s ability to access critical services and would be disruptive to the operations
of the Company.

The Company may be subject
to various litigation, regulatory investigations and other proceedings that arise in the ordinary course of business.

NOTE 18        SUBSEQUENT EVENT

On November 3, 2025, the Company’s
Board of Directors authorized a share repurchase program permitting the Company to repurchase up to $1 billion of its common
stock. Repurchases may be made from time to time through open-market purchases, block trades, and/or privately negotiated transactions
(including accelerated share repurchases), and may include Rule 10b5-1 trading plans. Any repurchase will be executed in compliance with
Rule 10b-18 of the Securities Exchange Act of 1934. The Company may determine the timing, amount, and method of repurchases based on market
conditions, share price, legal and regulatory requirements, and other considerations in its sole discretion. The program does not obligate
the Company to repurchase any specific number of shares and may be modified, suspended, or terminated at any time. Through the date of
this filing, no shares have been repurchased under this program.

 F-41