Company: FWDI
Filing Date: 2025-11-10
Form Type: 424B5
Source: 0001683168-25-008141
Chunk: 0

Company: Forward Industries, Inc.
Filing Date: 2025-11-10
Form: 424B5
Chunk 0
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Filed pursuant to Rule 424(b)(5)

Registration No. 333-290312

PROSPECTUS SUPPLEMENT

(To the Prospectus dated September 16, 2025)

<div align='center'>3,178,391 Shares of Common Stock

Forward Industries, Inc.

Common Stock</div>

This prospectus supplement
relates to the registration of the potential offer and resale of up to 3,178,391 shares of our common stock, par value $0.01 per share
(the “common stock”), of Forward Industries, Inc. (the “Company”), held by the selling shareholders (as defined
below). The shares of our common stock being registered for resale were issued to selling shareholders in connection with the Private
Placement (as defined below) and consist of 3,178,391 shares of common stock sold pursuant to the Securities Purchase Agreement (as defined
below) to the selling shareholders named therein (the “Securities Purchase Agreement Shares”).

The Securities Purchase Agreement
Shares will herein be referred to as the “Shares.” We issued the Shares in reliance upon the exemption from registration afforded
by Section 4(a)(2) and Regulation D of the Securities Act of 1933, as amended (the “Securities Act”), and are registering
the Shares pursuant to certain registration rights granted to the selling shareholders under the registration rights agreement, dated
September 6, 2025 (the “Registration Rights Agreement”). For information regarding the selling shareholders, please refer
to the section entitled “Selling Shareholders” on page S-13 of this prospectus supplement.

The selling shareholders may
elect to sell, from time to time, the Shares offered pursuant to this prospectus supplement through public or private transactions at
prevailing market prices, at prices related to prevailing market prices or at privately negotiated prices. We will bear all costs, expenses
and fees in connection with the registration of the Shares. We are not offering any shares of common stock for sale under this prospectus
supplement and we will not receive any proceeds from the selling shareholders’ sale of the Shares. For additional information on
the possible methods of sale that may be used by the selling shareholders, please refer to the section entitled “Plan of Distribution”
on page S-17 of this prospectus supplement.

Shares of our common stock
are traded on The Nasdaq Capital Market under the symbol “FORD.” On November 7, 2025, the last reported sale price of our
common stock on