Company: FWDI
Filing Date: 2025-12-11
Form Type: 10-K
Source: 0001683168-25-009068
Chunk: 134

Company: Forward Industries, Inc.
Filing Date: 2025-12-11
Form: 10-K
Item: Item 1A
Chunk 134
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Investing in our common stock
involves a high degree of risk. You should carefully consider the following risk factors before deciding whether to purchase or sell stock
in the Company. Additional risks and uncertainties not presently known to us, or that we currently deem immaterial, may also impair our
business operations or our financial condition. If any of the events discussed below occur, our business, consolidated financial condition,
results of operations or prospects could be materially and adversely affected. In such case, the value and marketability of the common
stock could decline.

Summary Risk Factors

Our business is subject to numerous
risks and uncertainties that you should consider before investing in our common stock. Set forth below is a summary of the principal risks
we face:

·We adopted a new business strategy dedicated
to SOL which exposes us to significant risk as there is no assurance that we will be able to successfully execute this strategy and business
plan;

·The SEC has taken, and may in the future take,
the view that some of the digital assets held by the Company are securities, which has adversely affected, and could adversely affect
the value of such digital assets and the financial condition of the Company and result in potentially substantial expense to the Company;

·A particular crypto asset’s status as a
security in any relevant jurisdiction is subject to a high degree of uncertainty, and if we are unable to correctly classify a crypto
asset, we may be subject to regulatory scrutiny, investigations, additional reporting requirements and other adverse consequences, including
potentially becoming subject to the Investment Company Act of 1940 which would impose significant financial and regulatory burdens and
compliance costs;

·The high volatility of trading prices that many
digital assets, including SOL, have experienced and may continue to experience could have a material adverse effect on the value of the
Company’s digital assets, which could lose all or substantially all of their value, and on the overall financial position of the
Company;

·Crypto assets and our related activities are
characterized by numerous other risks and uncertainties, including the possibility of code malfunction, theft, fraud, hacking, cyberattacks,
malicious activities or manipulation, in addition to price volatility, regulatory actions, bans or restrictions, declines in the price
of crypto assets, demand for or public perception of crypto assets and other external forces beyond our control;

·There is a significant increase in competition
in the digital asset industry and thus, the Company’s financial condition and operations may be adversely affected if the Company
fails to compete effectively;

·