<SEC-DOCUMENT>0001104659-25-091231.txt : 20250918
<SEC-HEADER>0001104659-25-091231.hdr.sgml : 20250918
<ACCEPTANCE-DATETIME>20250918160215
ACCESSION NUMBER:		0001104659-25-091231
CONFORMED SUBMISSION TYPE:	3/A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20250910
FILED AS OF DATE:		20250918
DATE AS OF CHANGE:		20250918

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Samani Pyahm
		CENTRAL INDEX KEY:			0001868197
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		3/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34780
		FILM NUMBER:		251323423

	MAIL ADDRESS:	
		STREET 1:		C/O MULTICOIN ACQUISITION
		STREET 2:		501 WEST AVENUE, UNIT 3803
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78701

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Jain Tushar
		CENTRAL INDEX KEY:			0001868193
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		3/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34780
		FILM NUMBER:		251323422

	MAIL ADDRESS:	
		STREET 1:		C/O MULTICOIN ACQUISITION
		STREET 2:		501 WEST AVENUE, UNIT 3803
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78701

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Multicoin Capital Master Fund, LP
		CENTRAL INDEX KEY:			0002086559
		ORGANIZATION NAME:           	
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231
		LEGAL ENTITY IDENTIFIER:    	2549000UZPA1BXPASJ30

	FILING VALUES:
		FORM TYPE:		3/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34780
		FILM NUMBER:		251323424

	BUSINESS ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		CO SERVICES CAYMAN LIMITED PAVILION EAST
		STREET 2:		CRICKET SQUARE
		CITY:			GRAND CAYMAN
		PROVINCE COUNTRY:   	E9
		ZIP:			KY1-1001
		BUSINESS PHONE:		512-774-4000

	MAIL ADDRESS:	
		STREET 1:		501 WEST AVE., STE 3901
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78701

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Multicoin Capital Management, LLC
		CENTRAL INDEX KEY:			0002017172
		ORGANIZATION NAME:           	
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34780
		FILM NUMBER:		251323425

	BUSINESS ADDRESS:	
		STREET 1:		501 WEST AVE.
		STREET 2:		SUITE 3901
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78701
		BUSINESS PHONE:		512-774-4000

	MAIL ADDRESS:	
		STREET 1:		501 WEST AVE.
		STREET 2:		SUITE 3901
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78701

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Forward Industries, Inc.
		CENTRAL INDEX KEY:			0000038264
		STANDARD INDUSTRIAL CLASSIFICATION:	PLASTICS PRODUCTS, NEC [3089]
		ORGANIZATION NAME:           	08 Industrial Applications and Services
		EIN:				131950672
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			0930

	BUSINESS ADDRESS:	
		STREET 1:		700 VETERANS MEMORIAL HWY, SUITE 100
		CITY:			HAUPPAUGE
		STATE:			NY
		ZIP:			11788
		BUSINESS PHONE:		631-547-3055

	MAIL ADDRESS:	
		STREET 1:		700 VETERANS MEMORIAL HWY, SUITE 100
		CITY:			HAUPPAUGE
		STATE:			NY
		ZIP:			11788

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FORWARD INDUSTRIES INC
		DATE OF NAME CHANGE:	19950105

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PROGRESS HEAT SEALING CO INC
		DATE OF NAME CHANGE:	19721111
</SEC-HEADER>
<DOCUMENT>
<TYPE>3/A
<SEQUENCE>1
<FILENAME>tm2526460-1_3aseq1.xml
<DESCRIPTION>OWNERSHIP DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3/A</documentType>

    <periodOfReport>2025-09-10</periodOfReport>

    <dateOfOriginalSubmission>2025-09-12</dateOfOriginalSubmission>

    <noSecuritiesOwned>1</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000038264</issuerCik>
        <issuerName>Forward Industries, Inc.</issuerName>
        <issuerTradingSymbol>FORD</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0002017172</rptOwnerCik>
            <rptOwnerName>Multicoin Capital Management, LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>501 WEST AVENUE, SUITE 3901</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>AUSTIN</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>78701</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <officerTitle></officerTitle>
            <otherText>Director by deputization</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0002086559</rptOwnerCik>
            <rptOwnerName>Multicoin Capital Master Fund, LP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O SERVICES CAYMAN LIMITED, P.O. BOX</rptOwnerStreet1>
            <rptOwnerStreet2>10008, PAVILION EAST, CRICKET SQUARE</rptOwnerStreet2>
            <rptOwnerCity>GRAND CAYMAN</rptOwnerCity>
            <rptOwnerState>E9</rptOwnerState>
            <rptOwnerZipCode>KY1-1001</rptOwnerZipCode>
            <rptOwnerStateDescription>CAYMAN ISLANDS</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <officerTitle></officerTitle>
            <otherText>Director by deputization</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001868197</rptOwnerCik>
            <rptOwnerName>Samani Pyahm</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>501 WEST AVENUE, SUITE 3901</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>AUSTIN</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>78701</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001868193</rptOwnerCik>
            <rptOwnerName>Jain Tushar</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>501 WEST AVENUE, SUITE 3901</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>AUSTIN</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>78701</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <officerTitle></officerTitle>
            <otherText>Director by deputization</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <remarks>In addition to Multicoin Capital Management, LLC, a Texas limited liability company (&quot;MCM LLC&quot;), this Form 3 is being filed jointly by Multicoin Capital Master Fund, LP, a Cayman Islands limited partnership (&quot;MCMF LP&quot;), Pyahm Samani, a citizen of the United States of America (&quot;Mr. Samani&quot;), and Tushar Jain, a citizen of the United States of America (&quot;Mr. Jain&quot;) (collectively, the &quot;Reporting Persons&quot;). MCM LLC is the investment advisor to MCMF LP. Mr. Samani and Mr. Jain each are a managing partner of MCM LLC. On September 6, 2025, the Issuer entered into a Securities Purchase Agreement with certain investors in a private investment in public equity investment, pursuant to which Mr. Samani was appointed a member of the board of directors of the Issuer, and as a result, each of the other Reporting Persons may be deemed directors by deputization for purposes of Section 16 of the Securities Exchange Act of 1934. No securities are beneficially owned by any of the Reporting Persons.

This amendment is being made solely for the purpose of including MCMF LP, Mr. Samani, and Mr. Jain as additional reporting persons to the Form 3 filed by MCM LLC on 9/12/2025 (the &quot;Original Form&quot;). Although MCMF LP, Mr. Samani, and Mr. Jain were disclosed in the Original Form, they were unable to be included as reporting persons because they did not have codes for the EDGAR system at the time. Other than including MCMF LP, Mr. Samani, and Mr. Jain as additional reporting persons, this form contains no amendment to the Original Form.</remarks>

    <ownerSignature>
        <signatureName>MULTICOIN CAPITAL MANAGEMENT, LLC, By: /s/ Pyahm Samani, Managing Partner</signatureName>
        <signatureDate>2025-09-18</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>MULTICOIN CAPITAL MASTER FUND, LP, By: Multicoin Capital Fund GP I, LLC, its general partner, By: Multicoin Capital GP, LLC, its managing member, By: /s/ Pyahm Samani, manager</signatureName>
        <signatureDate>2025-09-18</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Pyahm Samani</signatureName>
        <signatureDate>2025-09-18</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Tushar Jain</signatureName>
        <signatureDate>2025-09-18</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
