Company: FWDI
Filing Date: 2025-09-08
Form Type: 8-K
Source: 0001683168-25-006734
Chunk: 3

Company: Forward Industries, Inc.
Filing Date: 2025-09-08
Form: 8-K
Item: Item 1.01
Chunk 3
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 of the aggregate gross proceeds (the “ Gross Proceeds”) raised in the Private Placement plus(ii) 3.75% of any Gross Proceeds raised thereby in excess of $1.0 billion. Cantor and Galaxy DP have the option to elect,
in their sole discretion, no later than two calendar days prior to the Closing Date, to have all or any portion of its allocation of the
fees paid in the securities of the Company issued at the Closing Date to the Purchasers in the Private Placement, at a price per security
equal to the price paid by such Purchasers, in lieu of receiving the proportionate amount of the fees in cash.

The Securities to be issued pursuant to the Securities
Purchase Agreement have not been registered under the Securities Act, or any state securities laws and will be issued pursuant to the
exemption from registration provided for under Section 4(a)(2) of the Securities Act and/or Rule 506 of Regulation D of the Securities
Act and in reliance on similar exemptions under applicable state laws. The Company relied on this exemption from registration based in
part on representations made by the Purchasers. The Securities may not be offered or sold in the United States absent registration or
an applicable exemption from registration requirements. Neither this Current Report on Form 8-K, nor any exhibit attached hereto, is an
offer to sell or the solicitation of an offer to buy the Securities described herein.

Registration Rights Agreement

In connection with the Private Placement, the Company
and the Purchasers entered into a Registration Rights Agreement, dated September 6, 2025 (the “ Registration Rights Agreement”),
providing for the registration for resale of the Shares, the Advisor Shares (as defined below), the Lead Investor Shares (as defined below), the Pre-Funded Warrant Shares and the shares of
Common Stock underlying each of the Advisor Warrants and Lead Investor Shares on an effective registration statement, pursuant
to a registration statement (the “Resale Registration Statement”) to be filed with the SEC no later than October 10,
2025. The Company has agreed to use commercially reasonable efforts to cause the Resale Registration Statement to be declared effective
as promptly as possible, but in no event later than the fifth (5th) business day following its filing date (or, in the event of a review
by the SEC, the seventy-fifth (75th) calendar day following the filing date), and to keep the Resale Registration Statement
continuously effective from the date on which the