Forward Industries sells 156,475 shares for $1.39M under existing SPA

Forward Industries, Inc.

Gross proceeds of $1,394,713 from sale of 156,475 common shares between July 16-24, 2025.
Sale was to one accredited investor under Section 4(a)(2) exemption; shares not registered.
Transaction executed under Securities Purchase Agreement dated May 16, 2025, previously disclosed.
Net proceeds to be used for general corporate purposes (per prior disclosure).

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