Company: FWDI
Filing Date: 2025-08-15
Form Type: DEF 14A
Source: 0001683168-25-006240
Chunk: 1

Company: Forward Industries, Inc.
Filing Date: 2025-08-15
Form: DEF 14A
Chunk 1
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<div align='center'>Forward Industries, Inc.

700 Veterans Memorial Highway, Suite 100

Hauppauge, New York 11788

_________________________</div>

To The Shareholders of Forward Industries, Inc.:

We are pleased to invite you
to attend the Special Meeting of Shareholders of Forward Industries, Inc. (the “Special Meeting”) to be held on September
4, 2025, at 10:00 a.m. Eastern Time. This Special Meeting will be held virtually via a live audio webcast at www.virtualshareholdermeeting.com/FWD2025SM.
At the Special Meeting, our shareholders will be asked:

| 1. | To approve an amendment to the Company’s Certificate of Incorporation to increase the number of authorized shares of the Company’s common stock from 40,000,000 to 300,000,000 shares (the “Authorized Share Increase Proposal”).                                                                                                                                                                                  |
| 2. | To approve, for purposes of complying with Nasdaq Listing Rule 5635, the issuance of shares of the Company’s common stock pursuant to a conversion of Series A-1 Preferred Stock (the “Series A-1”) without giving effect to the Share Cap and the Individual Holder Share Cap (collectively, the “Conversion Caps”) in the Series A-1 Certificate of Designation (the “Nasdaq 20% Issuance Proposal Series A-1”). |
| 3. | To approve an adjournment of the Special Meeting to a later date or time, if necessary, to permit further solicitation and vote of proxies if there are not sufficient votes at the time of the Special Meeting to approve any of the proposals presented for a vote at the Special Meeting.                                                                                                                       |

Only shareholders of record as of the close of
business on August 13, 2025 are entitled to notice of, and to vote at, the Special Meeting and any postponement or adjournment thereof.
Please see pages 1-5 for additional information regarding accessing the Special Meeting and how to vote your shares. You do not need to
attend the virtual meeting to vote your shares.

Your vote is important. Please vote your proxy
promptly to ensure your shares are properly represented, even if you plan to join the Special Meeting. You can vote by