Company: FWDI
Filing Date: 2025-09-11
Form Type: 424B5
Source: 0001683168-25-006851
Chunk: 24

Company: Forward Industries, Inc.
Filing Date: 2025-09-11
Form: 424B5
Chunk 24
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idiaries for the years ended September 30, 2024 and 2023, have been audited by CohnReznick LLP, independent
registered public accounting firm, as set forth in their report thereon appearing in Forward Industries, Inc. and Subsidiaries’
Annual report on Form 10-K for the year ended September 30, 2024, and incorporated by reference herein. Such consolidated financial statements
are incorporated by reference herein in reliance upon such report, which includes an explanatory paragraph on Forward Industries, Inc.
and Subsidiaries’ ability to continue as a going concern, given on the authority of such firm as experts in accounting and auditing.

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<div align='center'>INCORPORATION OF CERTAIN INFORMATION BY REFERENCE</div>

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

| · 
 · | Our annual report on Form 10-K for the year ended September 30, 2024 filed on December 27, 2024 and amended on Form 10-K/A on January 17, 2025;                                                                                                                                                                                                                                                                                                                                                                                                                           
 Our quarterly reports on Form 10-Q filed on February 13, 2025 and May 14, 2025;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
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| · | Our current reports on Form 8-K (including 8-K/A) filed on October 4, 2024, October 18, 2024, November 1, 2024, November 18, 2024, December 13, 2024, December 23, 2024, February 3, 2025, February 13, 2025, February 27, 2025, March 17, 2025, March 24, 2025, March 31, 2025, March 31, 2025, April 2, 2025, May 1, 2025, May 8, 2025, May 22, 2025, May 23, 2025 and June 4, 2025 (other than information furnished under Item 2.02 or Item 7.01 of Form 8-K and exhibits relating to such information, which is neither filed nor incorporated by reference herein); |
| · | The description of our securities contained in Exhibit 4.1 to our Form 10-K filed with the