Galaxy Digital LP's Investment in Forward Industries, Inc.

Galaxy Digital LP, along with its affiliates, has filed a Schedule 13D indicating a significant investment in Forward Industries, Inc. The filing details the acquisition of 8,108,109 shares of Common Stock at $18.50 per share, totaling $150 million, through a private placement. Additionally, Galaxy Digital LP entered into a Strategic Advisor Agreement with Forward Industries, which includes the issuance of Pre-Funded Warrants and Advisor Warrants. The filing also outlines the registration rights agreement for the resale of the acquired securities. The investment is for strategic purposes, and Galaxy Digital LP may engage in discussions with the company's management and board to enhance shareholder value.