Company: FWDI
Filing Date: 2025-11-10
Form Type: 424B5
Source: 0001683168-25-008141
Chunk: 26

Company: Forward Industries, Inc.
Filing Date: 2025-11-10
Form: 424B5
Chunk 26
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Fi Digital Opportunities LP is 500 West Putnam Avenue, Suite 400,   
 Greenwich, CT 06830, United States.                                                                                                     |

| (20) | Consists of 378,379 shares of our common stock acquired by ParaFi                                                                     
 Quantitative Strategies LP. ParaFi Capital serves as the investment manager to ParaFi Quantitative Strategies LP. Benjamin Forman is  
 the founder and managing partner of ParaFi Capital and, in such capacity, holds sole voting and investment power over the shares held 
 by ParaFi Quantitative Strategies LP. Accordingly, ParaFi Capital and Mr. Forman may each be deemed to be the beneficial owner        
 of the shares held by ParaFi Quantitative Strategies LP. Each of ParaFi Capital and Mr. Forman disclaims beneficial ownership of such 
 shares except to the extent of their pecuniary interest therein. The address for ParaFi Quantitative Strategies LP is 500 West Putnam 
 Avenue, Suite 400, Greenwich, CT 06830, United States.                                                                                |

| (21) | Consists of 54,055 shares of our common stock acquired by ParaFi Venture Fund II LP. ParaFi Capital serves                               
 as the investment manager to ParaFi Venture Fund II LP. Benjamin Forman is the founder and managing partner of ParaFi Capital and, in    
 such capacity, holds sole voting and investment power over the shares held by ParaFi Venture Fund II LP. Accordingly, ParaFi Capital and 
 Mr. Forman may each be deemed to be the beneficial owner of the shares held by ParaFi Venture Fund II LP. Each of ParaFi Capital         
 and Mr. Forman disclaims beneficial ownership of such shares except to the extent of their pecuniary interest therein. The address for   
 ParaFi Venture Fund II LP is 500 West Putnam Avenue, Suite 400, Greenwich, CT 06830, United States.                                      |

| S-15 |

| (22) | Consists of 2,595 shares of our common stock acquired by Seven Grand Partners, LLC. Seven Grand Partners,      
 LLC is controlled by Chris Fahy and is located at 81 Pondfield Road C302, Bronxville, NY 10708, United States. |

| (23) | Consists of 30,027 shares of our common stock acquired by SummitTX Master SPC Alpha. SummitTX Master SPC         
 Alpha is controlled by Chris Fahy and is located at 81 Pondfield Road C302, Bronxville, NY 10708, United