Company: FWDI
Filing Date: 2025-11-03
Form Type: 424B5
Source: 0001683168-25-007923
Chunk: 12

Company: Forward Industries, Inc.
Filing Date: 2025-11-03
Form: 424B5
Chunk 12
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 assets are subject to overlapping, uncertain and evolving
regulatory requirements.

As digital assets have grown
in both popularity and market size, the U.S. Executive Branch, Congress and a number of U.S. federal and state agencies, including the
Financial Crimes Enforcement Network, the CFTC, the SEC, the Financial Industry Regulatory Authority, the Consumer Financial Protection
Bureau, the Department of Justice, the Department of Homeland Security, the Federal Bureau of Investigation, the Internal Revenue Service
and state financial regulators, have been examining the operations of digital asset networks, digital asset users and digital asset exchanges,
with particular focus on the extent to which digital assets can be used to violate state or federal laws, including to facilitate the
laundering of proceeds of illegal activities or the funding of criminal or terrorist enterprises, and the safety and soundness and consumer-protective
safeguards of exchanges or other service-providers that hold, transfer, trade or exchange digital assets for users. Many of these state
and federal agencies have issued consumer advisories regarding the risks posed by digital assets to investors. In addition, federal and
state agencies, and other countries have issued rules or guidance regarding the treatment of digital asset transactions and requirements
for businesses engaged in activities related to digital assets.

Corporate Information

Our principal executive offices
are located at 700 Veterans Memorial Highway, Suite 100, Hauppauge, NY 11788, and our telephone number is (631) 547-3055. Our website
address is . 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.

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Recent Developments

Securities Purchase Agreement

On September 6, 2025, we entered
into 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 Securities Purchase
Agreement Shares, at an offering price of $18.50 and (ii) pre-funded warrants (the “Pre-Funded Warrants”) to purchase 12,031,364
Pre-Funded Warrant Shares with $18.49999 of the exercise price per Pre-Funded Warrant that was pre-funded at closing (