Company: FWDI
Filing Date: 2025-06-17
Form Type: S-1/A
Source: 0001683168-25-004556
Chunk: 30

Company: Forward Industries, Inc.
Filing Date: 2025-06-17
Form: S-1/A
Chunk 30
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for working capital and other general corporate purposes. Our expected use of the net proceeds from this offering represents our intentions
based upon our current plans and business conditions. As of the date of this prospectus, we cannot predict with certainty all of the particular
uses for the net proceeds from this offering or the specific amounts to be spent on the uses described above. As a result, our management
will retain broad discretion over the allocation of the net proceeds from this offering.

Pending the uses described
above, we plan to invest the net proceeds from this offering in short-term, interest-bearing obligations, investment-grade instruments
or other securities.

<div align='center'>MARKET INFORMATION</div>

Our common stock is listed
on The Nasdaq Capital Market under the symbol “FORD.”

On June 9, 2025, the last
reported sale price of our common stock on Nasdaq was $6.47 per share. As of June 9, 2025, we had approximately 40 stockholders of record.
The actual number of holders of our common stock is greater than this number of record holders and includes stockholders who are beneficial
owners, but whose shares are held in street name by brokers or held by other nominees. This number of holders of record also does not
include stockholders whose shares may be held in trust by other entities.

<div align='center'>DIVIDEND POLICY</div>

We do not expect to pay any
cash dividends to our stockholders in the foreseeable future. Payment of future cash dividends, if any, will be at the discretion of our
board of directors and will depend on a number of factors, including our results of operations, financial condition, future prospects,
contractual restrictions, restrictions imposed by applicable law, and other factors our board of directors deems relevant.

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<div align='center'>THE SELLING STOCKHOLDER</div>

This prospectus relates to the
possible resale from time to time by the Selling Stockholder of any or all shares of our common stock that have been or may be issued
by us to the Selling Stockholder under the Purchase Agreement. Such shares of our common stock include (i) up to 245,571 Purchase Shares
that we may elect, in our sole discretion, to issue and sell to the Selling Stockholder, from time to time from and after the Commencement
Date under the Purchase Agreement; and (ii) up to 2,500 Commitment Shares that may be issued to the Selling Stockholder