Forward Industries closes $33M registered direct offering of 1.78M shares at $18.50

Forward Industries, Inc.

Sold and issued 1,783,783 shares to two accredited investors at $18.50 each.
Gross proceeds approximately $33 million from the registered direct offering.
Offering made under effective shelf Registration Statement on Form S-3 (File No. 333-287907).
Legal opinion on share validity filed as Exhibit 5.1 with this 8-K.

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