Forward Industries, Inc. Form 8-K Filing

Forward Industries, Inc. received a letter from the legal counsel of Brera Holdings PLC (d/b/a Solmate Infrastructure Public Ltd.) alleging that Forward Industries has been acting in concert with Viktor Fischer, RockawayX, RBCH Ltd., and their affiliates as an undisclosed "group" under Section 13(d)(3) of the Securities Exchange Act of 1934. The letter contends that failure to disclose this group constitutes a violation of federal securities laws. Forward Industries responded to the letter, asserting that these contentions are meritless. The company believes its unsolicited acquisition proposal to Brera Holdings PLC was based on its own independent analysis and that no coordination with the aforementioned parties occurred. Forward Industries denies the formation of any Section 13(d) group and states that no Schedule 13D filing is required, affirming compliance with all applicable disclosure obligations.