Company: FWDI
Filing Date: 2025-09-08
Form Type: 8-K
Source: 0001683168-25-006734
Chunk: 9

Company: Forward Industries, Inc.
Filing Date: 2025-09-08
Form: 8-K
Item: Item 1.01
Chunk 9
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 of Common Stock at a purchase price per share equal to
the Per Share Purchase Price; and has agreed to include for registration on the Resale Registration Statement, on behalf of C/M as a selling
stockholder, all shares of Common Stock previously underlying the Series B Stock and Warrant held by C/M.

In addition, following the date hereof, the
Company has agreed to file with the SEC one or more prospectus supplements (a “ Prospectus Supplement”) to its
currently effective registration statement (File Number: 333-287907) (the “Effective Registration Statement”) and
make all other filings as may be necessary to issue the Free-Trading Shares (as defined below) to C/M on the Effective Date and
thereafter as contemplated by the Waiver and Leak-Out Agreement. At the Closing Date, the Company shall sell to C/M, in a registered
direct offering pursuant to the Effective Registration Statement and Prospectus Supplement, free-trading shares of Common Stock to
C/M (the “Free-Trading Shares”). C/M has agreed not to effect transactions of any Free-Trading Shares in excess
of 650,000 shares until the date of the effectiveness of the Resale Registration Statement.

The foregoing description of the Waiver and Leak-out
Agreement does not purport to be complete and is qualified in its entirety by reference to the form of Waiver and Leak-out Agreement attached
hereto as Exhibit 10.5 and incorporated herein by reference.

Item 3.02 Unregistered Sales of Equity Securities.