Company: FWDI
Filing Date: 2025-06-17
Form Type: S-3/A
Source: 0001683168-25-004558
Chunk: 14

Company: Forward Industries, Inc.
Filing Date: 2025-06-17
Form: S-3/A
Chunk 14
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 constituting underwriters’ compensation; |
| · | any discounts or concessions allowed or re-allowed or paid to brokers;                           |
| · | any commissions paid to agents; and                                                              |
| · | any securities exchange on which the securities may be listed.                                   |

Sale through Underwriters or Brokers

If underwriters are used in
the sale, the underwriters may resell the securities from time to time in one or more transactions, including negotiated transactions,
at a fixed public offering price or at varying prices determined at the time of sale. Underwriters may offer securities to the public
either through underwriting syndicates represented by one or more managing underwriters or directly by one or more firms acting as underwriters.
Unless we inform you otherwise in the applicable prospectus supplement, the obligations of the underwriters to purchase the securities
will be subject to certain conditions, and the underwriters will be obligated to purchase all of the offered securities if they purchase
any of them. The underwriters may change from time to time any initial public offering price and any discounts or concessions allowed
or re-allowed or paid to brokers.

We will describe the name
or names of any underwriters, brokers or agents and the purchase price of the securities in a prospectus supplement relating to the securities.

| 8 |

In connection with the sale
of the securities, underwriters may receive compensation from us or from purchasers of the securities, for whom they may act as agents,
in the form of discounts, concessions or commissions. Underwriters may sell the securities to or through brokers, and these brokers may
receive compensation in the form of discounts, concessions or commissions from the underwriters and/or commissions from the purchasers
for whom they may act as agents, which is not expected to exceed that customary in the types of transactions involved. Underwriters, brokers
and agents that participate in the distribution of the securities may be deemed to be underwriters, and any discounts or commissions they
receive from us, and any profit on the resale of the securities they realize may be deemed to be underwriting discounts and commissions,
under the Securities Act. The prospectus supplement will identify any underwriter or agent and will describe any compensation they receive
from us.

Underwriters could make sales
in privately negotiated transactions and/or any other method permitted by law, including sales deemed to be an “at-the-market”
offering, sales made directly on The Nasdaq Capital Market, the existing trading market for our common stock, or sales made to or through
a