Multicoin Capital Management, LLC and Others File Form 3 for Forward Industries, Inc.

Multicoin Capital Management, LLC, along with Multicoin Capital Master Fund, LP, Pyahm Samani, and Tushar Jain, have jointly filed a Form 3 with the SEC regarding Forward Industries, Inc. The filing indicates that no securities are beneficially owned by any of the reporting persons. Pyahm Samani was appointed to the board of directors of Forward Industries, Inc. on September 6, 2025, as part of a private investment in public equity investment. As a result, the other reporting persons may be deemed directors by deputization for purposes of Section 16 of the Securities Exchange Act of 1934. The period of report is September 10, 2025.