Forward Industries raises ~$2.23M in registered direct offering of 263,243 shares at $8.50/share

Forward Industries, Inc.

Sold 263,243 shares at $8.50 per share to six investors; gross proceeds ~$2.23 million.
No underwriter or placement agent; closing expected on or about August 11, 2025.
Shares offered under effective shelf registration statement (File No. 333-287907).
Proceeds not specified; use will be described in a prospectus supplement filed by August 12, 2025.

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