Forward Industries (FWDI) Registration Filing summary

Company overview and business model

• Engineering design firm providing hardware and software product design and engineering services to top-tier customers, primarily in the U.S.

• Offers end-to-end solutions for consumer and industrial electronics, including medical devices, smart displays, vending, lighting, security, cameras, wearables, and vehicle controls.

• Services span from product concept through design, engineering, prototyping, and final design for manufacturing.

Financial performance and metrics

• As of May 5, 2025, public float was 821,383 shares with an aggregate market value of $7,277,453 at $8.86 per share.

• On June 9, 2025, the last reported sales price of common stock was $6.47 per share.

• The company’s consolidated financial statements for 2024 and 2023 include a going concern explanatory paragraph from its auditor.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for working capital and general corporate purposes; specific allocations will be detailed in future prospectus supplements.

• No proceeds will be received from sales by selling security holders.