Company: FWDI
Filing Date: 2025-09-11
Form Type: 424B5
Source: 0001683168-25-006851
Chunk: 1

Company: Forward Industries, Inc.
Filing Date: 2025-09-11
Form: 424B5
Chunk 1
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ATED BY REFERENCE                | S-7  |

<div align='center'>Prospectus</div>

|                                                                  | Page |
| PROSPECTUS SUMMARY                                               |    1 |
| CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS             |    2 |
| RISK FACTORS                                                     |    2 |
| USE OF PROCEEDS                                                  |    2 |
| DESCRIPTION OF CAPITAL STOCK                                     |    3 |
| DESCRIPTION OF WARRANTS                                          |    5 |
| DESCRIPTION OF UNITS                                             |    6 |
| CERTAIN PROVISIONS OF NEW YORK LAW AND OF OUR CHARTER AND BYLAWS |    7 |
| PLAN OF DISTRIBUTION                                             |    8 |
| LEGAL MATTERS                                                    |   11 |
| EXPERTS                                                          |   11 |
| INCORPORATION OF CERTAIN INFORMATION BY REFERENCE                |   12 |

You should rely only on information contained in this prospectus. We have not authorized anyone to provide you with information that is different from that contained in this prospectus. We are not offering to sell or seeking offers to buy shares of Common Stock or other securities in jurisdictions where offers and sales are not permitted. The information contained in this prospectus is accurate only as of the date of this prospectus, regardless of the time of delivery of this prospectus or of any sale of our Common Stock or other securities. We are responsible for updating this prospectus to ensure that all material information is included and will update this prospectus to the extent required by law.

| i |

<div align='center'>ABOUT THIS PROSPECTUS SUPPLEMENT</div>

This document is in two parts,
this prospectus supplement and the accompanying base prospectus, both of which are part of a registration statement on Form S-3 that we
filed with the U.S. Securities and Exchange Commission (the “SEC”) using a “shelf” registration process. The first
part is the prospectus supplement, including the documents incorporated by reference, which describes the specific terms of this offering.
The second part, the accompanying base prospectus, including the documents incorporated by reference, provides more general information.
Before you invest, you should carefully read this prospectus supplement, the accompanying base prospectus, all information incorporated
by reference herein and therein, as well as the additional information described under “Where You Can Find More Information”
on page S-6 of this prospectus supplement. These documents contain information you should consider when making your investment