The July 21, 2026 Rule 2.8 announcement binds Forward and parties acting in concert to Irish takeover restrictions, while preserving limited rights to revisit the decision within six months.
Forward Industries, Inc. said on July 21, 2026 that it does not intend to make an offer for the Company, in a statement issued under Rule 2.8 of the Irish Takeover Rules (Ireland's takeover framework). The announcement means Forward and any person acting in concert with it will be subject to the restrictions attached to that rule, which typically limit a bidder's ability to return quickly after formally stepping back. Forward also said it reserves the right, on behalf of itself and its concert parties, to set aside the statement within the next six months where permitted under Rule 2.8, including Rule 2.8(c)(ii). The company said the announcement is not an offer or solicitation for securities or votes, and noted that distribution may be restricted in some jurisdictions.