Company: FWDI
Filing Date: 2025-06-10
Form Type: S-3
Source: 0001683168-25-004375
Chunk: 9

Company: Forward Industries, Inc.
Filing Date: 2025-06-10
Form: S-3
Chunk 9
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 preferred stock rights and preferences and (vii)
have senior rights to all classes of common stock with respect to dividends, distributions, and liquidation preferences.

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Both the Series A-1 and Series
B shares have certain beneficial ownership limitations and are subject to a maximum number of shares of common stock that may be issued
without triggering shareholder approval requirements under the Nasdaq Stock Market rules.

Preferred stock is available
for possible future financings or acquisitions and for general corporate purposes without further authorization of our stockholders unless
such authorization is required by applicable law, or the rules of any securities exchange or market on which our stock is then listed
or admitted or trading.

Our Board may authorize the
issuance of preferred stock with voting or conversion rights that could adversely affect the voting power or other rights of the holders
of common stock. The issuance of preferred stock, while providing flexibility in connection with possible acquisitions and other corporate
purposes, could, under some circumstances, have the effect of delaying, deferring or preventing a change in control of the Company. For
a description of how future issuances of our preferred stock could affect the rights of our stockholders, see “Certain Provisions of New York Law and of Our Charter and Bylaws – Certificate of Incorporation and Bylaws,” below.

A prospectus supplement relating
to any series of preferred stock being offered will include specific terms relating to the offering. Such prospectus supplement will include:

| · | the title and stated or par value of the preferred stock;                                                                                                                                                                  |
| · | the number of shares of the preferred stock offered, the liquidation preference per share and the offering price of the preferred stock;                                                                                   |
| · | the dividend rate(s), period(s) and/or payment date(s) or method(s) of calculation thereof applicable to the preferred stock;                                                                                              |
| · | whether dividends shall be cumulative or non-cumulative and, if cumulative, the date from which dividends on the preferred stock shall accumulate;                                                                         |
| · | the provisions for a sinking fund, if any, for the preferred stock;                                                                                                                                                        |
| · | any voting rights of the preferred stock;                                                                                                                                                                                  |
| · | the provisions for redemption, if applicable, of the preferred stock;                                                                                                                                                      |
| · | any listing of the preferred stock on any securities exchange;                                                                                                                                                             |
| · | the terms and conditions, if applicable, upon which the preferred stock will be convertible into our common stock, including the conversion price or the manner