Forward Industries, Inc. confirmed on July 21, 2026, that it does not intend to make an offer for Brera Holdings plc. This decision clarifies the company's strategic stance regarding potential acquisition activities involving the Irish entity. The announcement is governed by Rule 2.8 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022.

The statement binds Forward and any persons acting in concert with it to the restrictions outlined in Rule 2.8 of the Irish Takeover Rules. This regulatory framework ensures transparency and fairness in takeover proceedings. By issuing this confirmation, Forward Industries adheres to the mandatory disclosure requirements applicable under Irish securities law.

Despite the current confirmation, Forward Industries has reserved the right to set aside this announcement within the next six months. This provision is contingent upon permissions granted under Rule 2.8, specifically Rule 2.8(c)(ii), of the Irish Takeover Rules. This clause allows for flexibility should circumstances change significantly during the stipulated period.

The directors of Forward Industries have accepted responsibility for the information contained in this announcement. They affirm that, to the best of their knowledge and belief, the information is in accordance with the facts and does not omit any material details. A copy of this announcement will be available on the Forward Industries, Inc. website by no later than 12 noon New York time on the business day following publication, in compliance with Rule 26.1 of the Irish Takeover Rules.

This announcement does not constitute an offer or solicitation to purchase or dispose of any securities in any jurisdiction. Persons in possession of this document are advised to inform themselves of and observe any applicable restrictions. Failure to comply with such restrictions may result in a violation of securities laws in relevant jurisdictions.

Forward Industries, Inc. (NASDAQ: FWDI) has appointed Michael Ashe, currently Chief Strategy Officer at Galaxy Digital, to its Board of Directors, effective immediately. The move comes as the company seeks to bolster its governance and strategic direction as it scales its operations as a Solana-focused digital asset treasury company. Ashe, who previously served as a board observer, will now assume a full director role.

With nearly six years at Galaxy Digital, Ashe has held key leadership positions, including Head of Strategy & Corporate Development and Head of Investment Banking. His responsibilities have included guiding the firm’s strategic vision and direction. Prior to his tenure at Galaxy Digital, Ashe spent nearly six years as a Director of Investment Banking at Oppenheimer & Co. Inc., advising clients from the firm’s New York office. His career began at Citi, where he worked for almost seven years across Equity Capital Markets, Structured Finance, and Strategy & Planning.

Kyle Samani, Chairman of the Board of Forward Industries, highlighted Ashe's expertise in both the crypto industry and broader finance and technology sectors. Samani emphasized that Ashe's appointment reflects the company's confidence in his judgment and experience, which will be instrumental as Forward Industries continues to grow its Solana treasury strategy.

Forward Industries, Inc. is a digital asset treasury company focused on the Solana ecosystem. Its strategy involves acquiring, staking, trading, and investing in SOL and related digital assets, protocols, and businesses. The company aims to expand and strengthen the Solana ecosystem by engaging with developers and projects to increase shareholder value. In September 2025, Forward launched its digital asset treasury strategy with support from investors and operating partners, including Galaxy Digital and Jump Crypto.

Ashe holds a Bachelor of Arts in International Studies from The Johns Hopkins University. His appointment is expected to enhance the company's strategic oversight as it navigates the evolving digital asset landscape.