Company: FWDI
Filing Date: 2025-11-03
Form Type: 424B5
Source: 0001683168-25-007923
Chunk: 4

Company: Forward Industries, Inc.
Filing Date: 2025-11-03
Form: 424B5
Chunk 4
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 statement, reference is made to the copy so filed, each of those statements being qualified in all respects
by the reference.

| S-iii |

<div align='center'>INCORPORATION
BY REFERENCE</div>

The documents listed below
are incorporated by reference into this prospectus:

| · | All documents subsequently filed by us pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Securities                               
 Exchange Act of 1934 (the “Exchange Act”) until all Shares that may be offered by this prospectus supplement are sold by the          
 selling shareholders, other than information furnished pursuant to Items 2.02 and 7.01 of Form 8-K and any related exhibits, shall be 
 deemed to be incorporated by reference into the prospectus.                                                                           |

Any statement contained in
a document incorporated or deemed to be incorporated by reference in this prospectus is modified or superseded for purposes of the prospectus
to the extent that a statement contained in this prospectus or in any other subsequently filed document that also is or is deemed to be
incorporated by reference herein modifies or supersedes such statement.

We will provide to each person,
including any beneficial owner, to whom a prospectus is delivered, a copy of any or all of the information that has been incorporated
by reference in this prospectus but not delivered with the prospectus.

We are an Exchange Act reporting
company and are required to file periodic reports on Form 10-K and 10-Q and current reports on Form 8-K. The SEC maintains an internet
website that contains reports, proxy and information statements and other information regarding issuers that file electronically with
the SEC, including Forward Industries, Inc. at www.sec.gov. You may also access our Exchange Act reports and proxy statements free of
charge at our website, www.forwardindustries.com.

You may obtain a copy of any
of our filings, at no cost, by contacting us at:

<div align='center'>Forward Industries, Inc.
700 Veterans Memorial Highway, Suite 100
Hauppauge, New York 11788
(631) 547-3055</div>

| S-iv |

<div align='center'>FORWARD
LOOKING STATEMENTS</div>

This prospectus and the documents
incorporated by reference herein contain “forward-looking statements” within the meaning of the U.S. Private Securities Litigation
Reform Act of 1995, which involve risks and uncertainties. All