Company: FWDI
Filing Date: 2025-11-03
Form Type: 424B5
Source: 0001683168-25-007923
Chunk: 68

Company: Forward Industries, Inc.
Filing Date: 2025-11-03
Form: 424B5
Chunk 68
---
 fees,
or failed transactions, which can erode confidence in the network and reduce its utility for both users and developers. In addition, repeated
or prolonged network disruptions may discourage new projects from building on Solana, limit the adoption of decentralized applications,
and negatively impact the value of SOL. The Solana development team and community have implemented, and may in the future implement additional,
technical upgrades or other measures to address these issues, but there can be no assurance that such efforts will be successful or sufficient
to prevent future disruptions.

A high percentage of Solana validators rely on software provided by Jito Labs, a third party unaffiliated with Solana Labs. If Jito Labs were to stop maintaining such software or if such software failed to function properly, it could have an adverse effect on the Solana blockchain and value of SOL.

A significant portion of Solana validators utilize
software developed and maintained by Jito Labs, an independent third party that is not affiliated with Solana Labs or the Solana Foundation.
This reliance on third-party software introduces additional operational and security risks to the Solana network. If Jito Labs were to
discontinue support for its software, experience operational difficulties, or if the software were to contain critical bugs, vulnerabilities,
or backdoors, the performance and security of the Solana network could be compromised. For example, a failure or exploit in the Jito Labs
software could result in network instability, validator downtime or other adverse outcomes. The software offered by Jito Labs has also
reduced the impact of “spam” transactions on the Solana blockchain. If Jito Labs were to stop offering or supporting its software,
there could be a far greater impact of “spam” transactions on the Solana network which could congest the network, delay or
prevent the processing of legitimate transactions, and in some cases, cause partial or complete outages of the blockchain. Any such events
could materially and negatively affect the value of SOL, reduce confidence in the network, and impair the ability of the Company to realize
the expected benefits of its investment in SOL.

A cyberattack or other malicious attack on the Solana blockchain could have a material impact on the value of SOL held by the Company.

Solana and other digital assets and the entities
that provide services to participants in blockchain ecosystems have been, and may in the future be, subject to security breaches, cyberattacks,
or other malicious activities. For example, in October 2021 it was reported that hackers exploited a flaw in the account recovery process
and