Company: FWDI
Filing Date: 2025-09-18
Form Type: S-8
Source: 0001683168-25-007107
Chunk: 5

Company: Forward Industries, Inc.
Filing Date: 2025-09-18
Form: S-8
Chunk 5
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 read the entire reoffer prospectus and the documents incorporated by reference in this reoffer prospectus before deciding whether to invest in our securities. Unless otherwise indicated or the context requires otherwise, in this reoffer prospectus and any reoffer prospectus supplement hereto references to “Forward” “we,” “us,” and “our” refer to Forward Industries, Inc. and its consolidated subsidiaries.

Our Company

Forward is an engineering design company serving
top-tier customers worldwide. The Company provides hardware and software product design and engineering services to customers predominantly
located in the U.S.

We provide a complete range of design, engineering
and development services with respect to a diverse array of consumer and industrial electronics products. These include but are not limited
to medical products, smart displays, beverage vending, enterprise and mobile software applications, lighting, security and detections
systems, cameras, wearables and vehicle controls. Solutions in these and other areas are designed and developed in-house, beginning at
product concept, extending through design, engineering and prototype, and final design for manufacturing and computer-aided design files.

New Treasury Strategy

On September 8, 2025, in connection with a private
placement with certain accredited investors, we announced the launch of our digital asset treasury strategy, pursuant to which we plan
to pursue a number of strategic initiatives to acquire SOL and other digital assets. On September 10, 2025, we entered into the Asset
Management Agreement and Services Agreement with Galaxy Digital Capital Management LP to guide us through the implementation of our new
digital assets treasury business. On September 15, 2025, we announced our initial liquid SOL purchases of 6,822,000 at an average price
of $232 per SOL, or $1.58 billion in the aggregate.

Under our new treasury policy and strategy (the
“Treasury Policy”), the principal holding in our treasury reserve on the balance sheet will be allocated to digital assets,
primarily SOL by applying a public-market treasury model to an asset that’s earlier in its lifecycle, structurally reflexive,
and underexposed as compared to Bitcoin. Our approach involves acquiring SOL directly through market purchases and staking our holdings
via our own or third-party operated validators and generating incremental revenue through strategic partnerships and deployments
within the Solana ecosystem.

In addition to operating our hardware and software
product design and engineering services business, our management will focus its resources on our Treasury Policy and a significant portion
of the balance sheet will initially be allocated to holding SOL in