Company: FWDI
Filing Date: 2025-11-03
Form Type: 424B5
Source: 0001683168-25-007923
Chunk: 26

Company: Forward Industries, Inc.
Filing Date: 2025-11-03
Form: 424B5
Chunk 26
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 Canada.          |
| (140) | Consists of 2,016,217 shares of our common stock acquired by Polychain Master Fund I LP. Polychain Master                                     
 Fund I LP is controlled by Polychain Partners LLC. The individuals with voting and investment power over the securities held by Polychain     
 Master Fund I LP are Olaf Carlson-Wee and is located at 548 Market Street, Suite 64375, San Francisco, CA 94014, United States.               |
| (141) | Consists of 145,946 shares of our common stock acquired by Polychain Parallel Fund I LP. Polychain Parallel                                   
 Fund I LP is controlled by Polychain Partners LLC. The individuals with voting and investment power over the securities held by Polychain     
 Parallel Fund I LP are Olaf Carlson-Wee and is located at 548 Market Street, Suite 64375, San Francisco, CA 94014, United States.             |
| (142) | Consists of 135,136 shares of our common stock acquired by Quantum Digital Group Limited. Quantum Digital                                     
 Group Limited is controlled by Willy Lan, Kenneth King, and Kung Kit Wen. Quantum Digital Group Limited is located at Craigmuir Chambers,     
 Road Town, Tortola VG1110, British Virgin Island.                                                                                             |
| (143) | Consists of 108,108 shares of our common stock acquired by Ray Hindi. Ray Hindi is located at Grütstrasse                                     
 47b, 8704, Herrliberg, Switzerland.                                                                                                           |
| (144) | Consists of 540,541 shares of our common stock acquired by RBCH II Ltd. RBCH II Ltd is controlled by Viktor                                   
 Fischer and Jakub Havrlant and is located at 89 Nexus Way, Camana Bay Grand Cayman, KY1-9009 Cayman Islands.                                  |
| (145) | Consists of 270,271 shares of our common stock acquired by Republic Digital Opportunistic Digital Assets                                      
 Master Fund Ltd. Republic Digital Fund Manager LLC (“Republic Digital”) serves as the investment manager to Republic Digital                  
 Opportunistic Digital Assets Master Fund, Ltd. (the “Selling Stockholder”). Joseph Naggar is the Chief Executive Officer and                  
 Chief Investment Officer of Republic Digital and, in such capacity, holds voting and investment power over the shares held by the Selling     
 Stockholder. Accordingly, Republic Digital and Mr. Naggar