Forward Industries enters $4B at-the-market equity sales agreement with Cantor Fitzgerald

Forward Industries, Inc.

Agreement dated Sept 16, 2025 allows Forward Industries to sell up to $4B of common stock via Cantor.
Cantor will earn a 3.0% commission on gross proceeds from any sales made under the agreement.
Shares sold under automatic shelf registration statement (Form S-3) filed Sept 17, 2025.
Company has no obligation to sell any shares and may suspend or terminate the agreement at any time.

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