On the reduced delisting risk of ordinary shares of Forward Industries, Inc. (FORD)

The International Trading System Limited (hereinafter – ITS) hereby informs on the reduced delisting risk of ordinary shares of Forward Industries, Inc. (ISIN US3498624093, hereinafter – Shares, QI) from The NASDAQ Stock Market LLC (hereinafter - Nasdaq).

Information on delisting risk of ordinary shares by Nasdaq

On April 2, 2025 Forward Industries, Inc. (hereinafter – the Company) submitted Current report Form 8-K to The United States Securities and Exchange Commission (hereinafter - SEC). According to the report, on April 1, 2025, the Company received notice from Nasdaq that it was back in compliance with the minimum $2.5 million stockholders’ equity requirement.

Despite the reduced risk, ITS conducts regular monitoring of the relevant information disclosed by the Company for the purpose of prompt response in case of additional risks. For more information, please refer to the report available on the SEC website.

Company’s financial position risk

In the Annual report on Form 10-K for the fiscal year ended September 30, 2024 and Quarterly report for the period ended December 31, 2024 the Company’s management expressed a substantial doubt about its ability to continue as a going concern for a period of at least 12 months.