Forward Industries (FWDI) Registration Filing summary

Company overview and business model

• Provides engineering design, hardware, and software product development services for consumer and industrial electronics, including medical devices, smart displays, vending, lighting, security, cameras, wearables, and vehicle controls, primarily for U.S. customers.

• Offers end-to-end solutions from product concept through design, prototyping, and final manufacturing design.

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 fiscal years 2023 and 2024 were audited with a going concern explanatory paragraph.

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.