# EDGAR Filing Document

**Accession Number:** 0002086701
**File Stem:** 0002086701-25-000004
**Filing Date:** 2025-9
**Character Count:** 32028
**Document Hash:** f06b7cc4c8260e57a42ce06b5b99ffb3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002086701-25-000004.hdr.sgml**: 20250918

**ACCESSION NUMBER**: 0002086701-25-000004

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D

**PUBLIC DOCUMENT COUNT**: 4

**FILED AS OF DATE**: 20250918

**DATE AS OF CHANGE**: 20250918

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Forward Industries, Inc.
- **CENTRAL INDEX KEY:** 0000038264
- **STANDARD INDUSTRIAL CLASSIFICATION:** PLASTICS PRODUCTS, NEC [3089]
- **ORGANIZATION NAME:** 08 Industrial Applications and Services
- **EIN:** 131950672
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-45773
- **FILM NUMBER:** 251323435

**BUSINESS ADDRESS:**
- **STREET 1:** 700 VETERANS MEMORIAL HWY, SUITE 100
- **CITY:** HAUPPAUGE
- **STATE:** NY
- **ZIP:** 11788
- **BUSINESS PHONE:** 631-547-3055

**MAIL ADDRESS:**
- **STREET 1:** 700 VETERANS MEMORIAL HWY, SUITE 100
- **CITY:** HAUPPAUGE
- **STATE:** NY
- **ZIP:** 11788

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FORWARD INDUSTRIES INC
- **DATE OF NAME CHANGE:** 19950105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PROGRESS HEAT SEALING CO INC
- **DATE OF NAME CHANGE:** 19721111
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** J Digital 6 Cayman Ltd.
- **CENTRAL INDEX KEY:** 0002086701

**ORGANIZATION NAME:**
- **EIN:** 852055513
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D

**BUSINESS ADDRESS:**
- **STREET 1:** 600 WEST CHICAGO AVE.
- **STREET 2:** SUITE 600, C/O J DIGITAL 6 LLC
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60654
- **BUSINESS PHONE:** (312) 205-8900

**MAIL ADDRESS:**
- **STREET 1:** 600 WEST CHICAGO AVE.
- **STREET 2:** SUITE 600, C/O J DIGITAL 6 LLC
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60654

## Exhibit 99.1

**Exhibit 99.1**

JOINT FILING AGREEMENT

Pursuant to Rule 13d-1(k)(1) promulgated pursuant to the Securities Exchange Act of 1934, as amended, the undersigned agree that the attached Schedule 13D is being filed on behalf of each of the undersigned.

Date: September 18, 2025

**J Digital 6 Cayman Ltd.**

By: <u>/s/ Samarth Haribhakti</u>

Name: Samarth Haribhakti

Title: Director

**J Digital 6 LLC**

By: <u>/s/ Matthew Hinerfeld</u>

Name: Matthew Hinerfeld

Title: Authorized Signatory

**DYSO TC, LLC**

By: <u>/s/ William DiSomma</u>

Name: William DiSomma

Title: Manager

**PXG, LLC**

By: <u>/s/ Paul Gurinas</u>

Name: Paul Gurinas

Title: Manager

<u>/s/ William DiSomma</u>

Name: William DiSomma

<u>/s/ Paul Gurinas</u>

Name: Paul Gurinas

## Exhibit 99.2

Exhibit 99.2

**Executive Officers, Directors, Managers or Control Persons of J Digital 6 Cayman Ltd., a Cayman Islands exempted company**

---

| | | | |
|:---|:---|:---|:---|
| **Name (title)** | **Present Principal Occupation** | **Citizenship** | **Residence or Business Address** |
| Samarth Haribhakti (Director) | Chief Strategy Officer-Digital Assets, Jump Crypto | Canada | 1 London Wall, 11<sup>th</sup> Floor<br> London, United Kingdom<br> EC2Y 5EA |
| Chuin Ching Liew (Director) | Trader, Jump Crypto | Singapore | 8 Marina View #38-01<br> Asia Square Tower 1<br> Singapore 018960 |

---

**Executive Officers, Directors, Managers or Control Persons of J Digital 6 LLC, a Delaware limited liability company, DYSO TC, LLC, a Delaware limited liability company, and PXG, LLC, a Delaware limited liability company**

---

| | | | |
|:---|:---|:---|:---|
| **Name (title)** | **Present Principal Occupation** | **Citizenship** | **Residence or Business Address** |
| None except as disclosed in the Schedule 13D related to this exhibit. | None except as disclosed in the Schedule 13D related to this exhibit. | None except as disclosed in the Schedule 13D related to this exhibit. | None except as disclosed in the Schedule 13D related to this exhibit. |

---

## Exhibit 99.3

Exhibit 99.3

**<u>Transactions in Common Stock During the Past Sixty Days</u>**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Date** | **Nature of the**<br> **Transaction** | **Transacting Entity** | **Shares ofCommon StockPurchased/(Sold)** | **Price**<br> **($)** |
| 8/4/2025 | Sale | Jump Trading, LLC | (44) | 12.52 |
| 8/4/2025 | Sale | Jump Trading, LLC | (3) | 12.69 |
| 8/4/2025 | Sale | Jump Trading, LLC | (1) | 12.68 |
| 8/4/2025 | Sale | Jump Trading, LLC | (2) | 12.73 |
| 8/4/2025 | Sale | Jump Trading, LLC | (25) | 12.14 |
| 8/4/2025 | Sale | Jump Trading, LLC | (25) | 11.95 |
| 8/4/2025 | Purchase | Jump Trading, LLC | 1 | 11.67 |
| 8/4/2025 | Purchase | Jump Trading, LLC | 100 | 11.77 |
| 8/4/2025 | Purchase | Jump Trading, LLC | 100 | 11.8 |
| 8/4/2025 | Purchase | Jump Trading, LLC | 22 | 11.81 |
| 8/4/2025 | Purchase | Jump Trading, LLC | 2 | 11.8 |
| 8/4/2025 | Purchase | Jump Trading, LLC | 100 | 11.69 |
| 8/4/2025 | Sale | Jump Trading, LLC | (25) | 11.49 |
| 8/4/2025 | Sale | Jump Trading, LLC | (25) | 11.35 |
| 8/4/2025 | Sale | Jump Trading, LLC | (25) | 11.26 |
| 8/4/2025 | Sale | Jump Trading, LLC | (25) | 11.13 |
| 8/4/2025 | Sale | Jump Trading, LLC | (25) | 11.49 |
| 8/4/2025 | Sale | Jump Trading, LLC | (25) | 11.22 |
| 8/4/2025 | Sale | Jump Trading, LLC | (25) | 10.99 |
| 8/4/2025 | Sale | Jump Trading, LLC | (25) | 11.22 |
| 8/4/2025 | Sale | Jump Trading, LLC | (25) | 10.99 |
| 8/4/2025 | Sale | Jump Trading, LLC | (25) | 11.22 |
| 8/4/2025 | Sale | Jump Trading, LLC | (25) | 11.22 |
| 8/4/2025 | Sale | Jump Trading, LLC | (25) | 11.1 |
| 8/4/2025 | Sale | Jump Trading, LLC | (25) | 11.1 |
| 8/4/2025 | Sale | Jump Trading, LLC | (25) | 10.99 |
| 8/4/2025 | Purchase | Jump Trading, LLC | 25 | 10.5 |
| 8/4/2025 | Purchase | Jump Trading, LLC | 25 | 10.51 |
| 8/4/2025 | Purchase | Jump Trading, LLC | 25 | 10.485 |
| 8/4/2025 | Purchase | Jump Trading, LLC | 25 | 11 |
| 8/4/2025 | Purchase | Jump Trading, LLC | 25 | 11 |
| 8/27/2025 | Sale | Jump Trading, LLC | (100) | 11.82 |
| 8/28/2025 | Purchase | Jump Trading, LLC | 100 | 13.34 |
| 9/5/2025 | Purchase | Jump Trading, LLC | 100 | 14.67 |

---

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**FORWARD INDUSTRIES, INC.**

*(Name of Issuer)*

**Common Stock, par value $0.01 per share**

*(Title of Class of Securities)*

**349862409**

*(CUSIP Number)*

**Matthew Hinerfeld**<br>600 West Chicago Ave. Suite 600<br>Chicago IL 60654<br>(312) 205-8900

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**09/11/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **349862409** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**J Digital 6 Cayman Ltd.** | Name of reporting person<br>**J Digital 6 Cayman Ltd.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**CAYMAN ISLANDS** | Citizenship or place of organization<br>**CAYMAN ISLANDS** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**7947843.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**7947843.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**7947843.00** | Aggregate amount beneficially owned by each reporting person<br>**7947843.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**9.3%** | Percent of class represented by amount in Row (11)<br>**9.3%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

| **CUSIP No.** | **349862409** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**J Digital 6 LLC** | Name of reporting person<br>**J Digital 6 LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**7947843.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**7947843.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**7947843.00** | Aggregate amount beneficially owned by each reporting person<br>**7947843.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**9.3%** | Percent of class represented by amount in Row (11)<br>**9.3%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

| **CUSIP No.** | **349862409** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**DYSO TC, LLC** | Name of reporting person<br>**DYSO TC, LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**7947843.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**7947843.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**7947843.00** | Aggregate amount beneficially owned by each reporting person<br>**7947843.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**9.3%** | Percent of class represented by amount in Row (11)<br>**9.3%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**HC** | Type of Reporting Person (See Instructions)<br>**HC** | |

---

| **CUSIP No.** | **349862409** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**PXG, LLC** | Name of reporting person<br>**PXG, LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**7947843.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**7947843.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**7947843.00** | Aggregate amount beneficially owned by each reporting person<br>**7947843.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**9.3%** | Percent of class represented by amount in Row (11)<br>**9.3%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**HC** | Type of Reporting Person (See Instructions)<br>**HC** | |

---

| **CUSIP No.** | **349862409** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**William DiSomma** | Name of reporting person<br>**William DiSomma** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**7947943.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**7947943.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**7947943.00** | Aggregate amount beneficially owned by each reporting person<br>**7947943.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**9.3%** | Percent of class represented by amount in Row (11)<br>**9.3%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**HC** | Type of Reporting Person (See Instructions)<br>**HC** | |

---

| **CUSIP No.** | **349862409** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Paul Gurinas** | Name of reporting person<br>**Paul Gurinas** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**7947943.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**7947943.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**7947943.00** | Aggregate amount beneficially owned by each reporting person<br>**7947943.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**9.3%** | Percent of class represented by amount in Row (11)<br>**9.3%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**HC** | Type of Reporting Person (See Instructions)<br>**HC** | |

---

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common Stock, par value $0.01 per share

**(b) Name of Issuer:**
FORWARD INDUSTRIES, INC.

**(c) Address of Issuer's Principal Executive Offices:**
700 Veterans Memorial Hwy. Suite 100, Hauppauge, NY, 11788

**Item 4. Purpose of Transaction**

The Reporting Persons purchased the Common Stock and Lead Investor Warrant for investment purposes. Subject to applicable legal requirements, one or more of the Reporting Persons may purchase additional securities of the Issuer from time to time in open market or private transactions, depending on its evaluation of the Issuer's business, prospects and financial condition, the market for the Issuer's securities, other developments concerning the Issuer, the reaction of the Issuer to the Reporting Persons' ownership of the Issuer's securities, other opportunities available to the Reporting Persons, and general economic, money market and stock market conditions. In addition, depending upon the factors referred to above, the Reporting Persons may dispose of all or a portion of their securities of the Issuer at any time, in each case subject to the restrictions discussed below in Item 6. Each of the Reporting Persons reserves the right to increase or decrease its holdings of the Issuer's securities on such terms and at such times as each may decide, subject to applicable legal requirements and the restrictions discussed below in Item 6. Jump Trading is a broker-dealer registered under the Act. Jump Trading may act as a market maker and/or engage in brokerage activities in the Issuer's securities and any related derivatives.

The Reporting Persons will routinely monitor a wide variety of investment considerations, including, without limitation, current and anticipated future trading prices for the Common Stock, the Issuer's operations, assets, prospects, and business development, the Issuer's management, Issuer-related competitive and strategic matters, general economic, financial market and industry conditions, as well as other investment considerations, including without limitation the cryptocurrency markets and the markets for Solana tokens. The Reporting Persons may in the future discuss their investment in the Issuer and the foregoing investment considerations with other shareholders, management, the board of directors, existing or potential strategic partners or competitors of the Issuer, other investors, industry analysts and/or others and may take actions intended to improve the Issuer's financial results and/or maximizing shareholder value through various strategic alternatives, including changes to the capitalization, ownership structure, operations, or organizational documents of the Issuer, or any strategic transaction or similar opportunities. These considerations, discussions and other factors may result in the Reporting Persons acquiring additional Issuer securities, hedging their investment in Issuer securities or selling, trading or otherwise disposing of all or some holdings in the Issuer in the public markets, in privately negotiated transactions or otherwise, or take any other lawful action they deem to be in their best interests, in each case subject to the restrictions discussed below in Item 6. There is no assurance that the Reporting Persons will take any such actions.

Except as set forth in this Item 4 and Item 6 below, none of the Reporting Persons have a present plan or proposal that relates to or would result in any of the actions specified in clauses (a) through (j) of Item 4 of Schedule 13D of the Act. However, each of the Reporting Persons reserves the right to propose or participate in future transactions which may result in one or more of such actions, including but not limited to, an extraordinary corporate transaction, such as a merger, reorganization or liquidation, sale of a material amount of assets of the Issuer or its subsidiaries, or other transactions which might have the effect of causing the Common Stock to become eligible for termination of registration under Section 12(g) of the Act. The Reporting Persons also retain the right to change their investment intent at any time, to acquire additional shares of Common Stock or other securities of the Issuer from time to time, or to sell, distribute or otherwise dispose of all or part of the Common Stock beneficially owned by them in any manner permitted by law (including pursuant to a sale or distribution plan adopted pursuant to Rule 10b5-1 under the Act), subject to the restrictions discussed below in Item 6.

The Reporting Persons may from time to time in the ordinary course of business pledge, lend, or transfer the securities of the Issuer to brokers, banks or other financial institutions (the "Lenders") as collateral for loans or other obligations of the Reporting Persons pursuant to margin, prime brokerage, loan, or other financing arrangements. If the Reporting Persons enter such arrangements, the Lenders may acquire the right to vote and/or dispose of the securities of the Issuer held as collateral.

**Item 5. Interest in Securities of the Issuer**

**(a)**
As of the date hereof, JD6 Cayman owns 7,947,843 shares of Common Stock. JD6 Delaware owns JD6 Cayman; DYSO and PXG each own 50% of JD6 Delaware; Mr. DiSomma beneficially owns DYSO; and Mr. Gurinas beneficially owns PXG. Each of JD6 Delaware, DYSO, PXG, Mr. DiSomma and Mr. Gurinas has shared voting and dispositive power over the shares held by JD6 Cayman. As such, each of JD6 Delaware, DYSO, PXG, Mr. DiSomma and Mr. Gurinas may be deemed to beneficially own the shares held by JD6 Cayman.

As of the date hereof, Jump Trading owns 100 shares of Common Stock. Jump Trading Holdings, LLC, a Delaware limited liability company ("Jump Trading Holdings"), wholly owns Jump Trading; Jump Financial, LLC, a Delaware limited liability company ("Jump Financial"), beneficially owns Jump Trading Holdings; and Mr. DiSomma and Mr. Gurinas beneficially own Jump Financial. As such, Mr. DiSomma and Mr. Gurinas may be deemed to beneficially own the shares held by Jump Trading.

Collectively, the Reporting Persons may be deemed to beneficially own 9.3% of the outstanding Common Stock, which percentage is calculated based upon 85,067,662 shares of Common Stock outstanding as of September 16, 2025, as reported in the Issuer's Registration Statement on Form S-3ASR, filed with the SEC on September 17, 2025.

**(b)**
As of the date hereof, JD6 Cayman, JD6 Delaware, DYSO, and PXG share voting and dispositive power over 7,947,843 shares of Common Stock; and Mr. DiSomma and Mr. Gurinas share voting and dispositive power over 7,947,943 shares of Common Stock.

**(c)**
Except as described herein and in Exhibit 99.3, none of the Reporting Persons have purchased or sold any shares of Common Stock during the past 60 days.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

Securities Purchase Agreement

Pursuant to the Securities Purchase Agreement, the Issuer has agreed to certain restrictions on the issuance and sale of the Issuer's securities for a period beginning on the date of the Securities Purchase Agreement until the thirtieth (30th) day following the date the resale registration statement filed pursuant to the Registration Rights Agreement (as defined below) (the "Resale Registration Statement") becomes effective, subject to certain exceptions.

Registration Rights Agreement
In connection with the Private Placement, JD6 Cayman entered into a Registration Rights Agreement, dated September 6, 2025 (the "Registration Rights Agreement"), providing for customary registration rights with respect to the Shares, the Lead Investor Shares, and the shares of Common Stock underlying the Lead Investor Warrant.

Lead Investor Agreement

On September 6, 2025, the Issuer entered into a Lead Investor Agreement (the "Lead Investor Agreement") with JD6 Cayman and another investor to secure the commitment of JD6 Cayman and such other investor in the Private Placement. In consideration of JD6 Cayman's subscription in the Private Placement, the Issuer issued to JD6 Cayman on the Closing Date, in addition to the shares of Common Stock acquired by JD6 Cayman pursuant to the Securities Purchase Agreement: (i) 1,783,519 shares of Common Stock (the "Lead Investor Shares"), and (ii) a warrant to purchase up to 4,458,796 shares of Common Stock (the "Lead Investor Warrant"). The exercise price per share of the Lead Investor Warrant is $0.01 per share and the Lead Investor Warrant will become exercisable, if at all, as follows: (A) one-third (1/3) of the Lead Investor Warrant will be exercisable on and after the first date on which the closing trading price of the Common Stock on its principal stock exchange is equal to or greater than $27.75 (as adjusted for stock splits, combinations and other similar transactions) for 20 out of 30 trading days following the effectiveness of the Resale Registration Statement; (B) one-third (1/3) of the Lead Investor Warrant will become exercisable on and after the first date on which the closing trading price of the Common Stock on its principal stock exchange is equal to or greater than $37.00 (as adjusted for stock splits, combinations and other similar transactions) for 20 out of 30 trading days following the effectiveness of the Resale Registration Statement; and (C) one-third (1/3) of the Lead Investor Warrant will become exercisable on and after the first date on which the closing trading price of the Common Stock on its principal stock exchange is equal to or greater than $46.25 (as adjusted for stock splits, combinations and other similar transactions) for 20 out of 30 trading days following the effectiveness of the Resale Registration Statement.
The shares of Common Stock that may become issuable upon exercise of the Lead Investor Warrant are not reflected in the cover pages to this Schedule 13D because the exercisability of the Lead Investor Warrant is subject to a contingency that is not within the control of any Reporting Person, as described above.

In addition, JD6 Cayman may not exercise any portion of the Lead Investor Warrant to the extent that JD6 Cayman, together with any persons whose beneficial ownership of Common Stock would be aggregated with JD6 for purposes of Section 13(d) of the Act, would beneficially own in excess of 9.99% of the shares of Common Stock outstanding immediately after giving effect to such exercise  (the "Blocker"). Upon 61 days' prior notice to the Issuer, JD6 Cayman, as the holder of the Lead Investor Warrant, may increase or decrease the Blocker, provided that the Blocker in no event exceeds 19.99% of the issued and outstanding shares of Common Stock.

The Lead Investor Warrant does not expire.

Pursuant to the Lead Investor Agreement, the Issuer agreed to invite a representative of JD6 Cayman to attend all meetings of the Board in a nonvoting observer capacity.

Lock-Up Agreement

In connection with the Private Placement, JD6 Cayman executed a Lock-Up Agreement (i) with respect to the Lead Investor Shares, for a period ending on the earlier of (A) the one-year anniversary of the Closing Date and (B) six months from the Closing Date if, at any time after the Closing Date, the volume-weighted average price of the Common Stock is equal to or greater than $27.75 (as adjusted for stock splits, combinations and other similar transactions) for 20 out of 30 trading days and (ii) with respect to the shares of Common Stock purchased by JD6 Cayman pursuant to the Securities Purchase Agreement and any shares of Common Stock issuable upon exercise by JD6 Cayman of the Lead Investor Warrant, for a period ending six months from the effectiveness of the Resale Registration Statement.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** J Digital 6 Cayman Ltd.

**Signature:** /s/ Samarth Haribhakti

**Name/Title:** Samarth Haribhakti, Director

**Date:** 09/18/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** J Digital 6 LLC

**Signature:** /s/ Matthew Hinerfeld

**Name/Title:** Matthew Hinerfeld, Authorized Signatory

**Date:** 09/18/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** DYSO TC, LLC

**Signature:** /s/ William DiSomma

**Name/Title:** William DiSomma, Manager

**Date:** 09/18/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** PXG, LLC

**Signature:** /s/ Paul Gurinas

**Name/Title:** Paul Gurinas, Manager

**Date:** 09/18/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** William DiSomma

**Signature:** /s/ William DiSomma

**Name/Title:** William DiSomma

**Date:** 09/18/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Paul Gurinas

**Signature:** /s/ Paul Gurinas

**Name/Title:** Paul Gurinas

**Date:** 09/18/2025