Company: FWDI
Filing Date: 2025-11-14
Form Type: 424B5
Source: 0001683168-25-008451
Chunk: 5

Company: Forward Industries, Inc.
Filing Date: 2025-11-14
Form: 424B5
Chunk 5
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 see the risk factors that follow and/or that are disclosed in our incorporated documents.

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<div align='center'>PROSPECTUS
SUPPLEMENT SUMMARY</div>

This summary does not contain all of the information that you should consider before investing in our common stock offered by this prospectus. Before making an investment decision, you should carefully read the entire prospectus, including the “Risk Factors” sections, as well as our financial statements, including the accompanying notes, and the other information incorporated by reference herein and the information in any related free writing prospectus that we may authorize for use in connection with this offering of our Common Stock.

Company Overview

Forward is an engineering
design company serving top-tier customers worldwide. The Company provides hardware and software product design and engineering services
to customers predominantly located in the U.S.

We provide a complete range
of design, engineering and development services with respect to a diverse array of consumer and industrial electronics products. These
include but are not limited to medical products, smart displays, beverage vending, enterprise and mobile software applications, lighting,
security and detections systems, cameras, wearables and vehicle controls. Solutions in these and other areas are designed and developed
in-house, beginning at product concept, extending through design, engineering and prototype, and final design for manufacturing and computer-aided
design files.

New Treasury Strategy

On September 8, 2025, in connection
with the Private Placement, we announced the launch of our digital asset treasury strategy, pursuant to which we plan to pursue a number
of strategic initiatives to acquire SOL and other digital assets. We entered into the Asset Management Agreement and Services Agreement
(each as defined below) to guide us through the implementation of our new digital assets treasury business. On September 15, 2025, we
announced our initial liquid SOL purchases of 6,822,000 at an average price of $232 per SOL, or $1.58 billion in the aggregate. As of
October 15, 2025, our SOL holdings totaled 6,871,599.06 SOL.

Under our new treasury policy
and strategy (the “Treasury Policy”), the principal holding in our treasury reserve on the balance sheet will be allocated
to digital assets, primarily SOL by applying a public-market treasury model to an asset that’s earlier in its lifecycle, structurally
reflexive and underexposed as compared to Bitcoin. Our approach involves acquiring SOL directly through market purchases and staking our
holdings via our own