On the risk of delisting of ordinary shares of Entrada Therapeutics, Inc. (TRDA)

The International Trading System Limited (ITS) informs on the information concerning delisting risk of ordinary shares of Entrada Therapeutics, Inc. (ISIN US29384C1080, Shares) from The Nasdaq Stock Market LLC (Nasdaq).

Information on delisting risk of ordinary shares by Nasdaq

On February 27, 2025, Forward Industries, Inc. (the Company) submitted an Annual report on Form 10-K to The United States Securities and Exchange Commission. According to the report, the Company expects to continue to generate operating losses and negative operating cash flows for the foreseeable future and may be unable to raise additional funds or enter into other agreements when needed. These conditions led the Company’s management to raise substantial doubt about its ability to continue as a going concern for more than twelve months from the date of these financial statements. For more information, please refer to the report available on the SEC website.

Previously, similar statements were made in the Company’s Quarterly report on Form 10-Q.

Information regarding possible actions to be taken by ITS

If Nasdaq suspends trading in the Company’s ordinary shares, ITS will prohibit submission of orders and will restrict ability to conclude agreements in respect of the Company’s ordinary shares. If the Company’s ordinary shares are delisted from Nasdaq, ITS will terminate trading in the Company’s ordinary shares. However, in case the Company’s ordinary shares become listed, or admitted to trading on another Recognised Trading Venue, ITS will consider but does not guarantee continuation of trading in the Company’s ordinary shares.