Company: FWDI
Filing Date: 2025-06-24
Form Type: 424B3
Source: 0001683168-25-004724
Chunk: 5

Company: Forward Industries, Inc.
Filing Date: 2025-06-24
Form: 424B3
Chunk 5
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 risks and uncertainties. See “ Cautionary Statement Regarding Forward-Looking Statements.”

Corporate Information

Our company was formed under the
laws of the state of New York in 1961. Our address is 700 Veterans Memorial Highway, Suite 100, Hauppauge, New York 11788, and our telephone
number is (631) 547-3055. Our website address is www.forwardindustries.com. Our website and the information contained on, or that can
be accessed through, our website is not deemed to be incorporated by reference into, and does not constitute part of, this prospectus.

Our Company

Forward is an engineering
design company serving top-tier customers worldwide. The Company provides hardware and software product design and engineering services
to customers predominantly located in the U.S.

We provide a complete range
of design, engineering and development services with respect to a diverse array of consumer and industrial electronics products. These
include, but are not limited to, medical products, smart displays, beverage vending, enterprise and mobile software applications, lighting,
security and detections systems, cameras, wearables and vehicle controls. Solutions in these and other areas are designed and developed
in-house, beginning at product concept, extending through design, engineering and prototype, and final design for manufacturing and computer-aided
design files.

<div align='center'>The C/M Capital Transaction</div>

On May 16, 2025, the Company and
C/M Capital entered into the Purchase Agreement which provides that subject to the terms and conditions set forth therein, the Company
may sell to C/M Capital up to $35,000,000 in aggregate gross proceeds from sales of the Company’s common stock, par value $0.01
per share (the “Purchase Shares”) or an amount of shares of common stock not exceeding the Exchange Cap (as defined below).
As consideration for the Selling Stockholder’s execution and delivery of the Purchase Agreement, we have agreed to issue to the
Selling Stockholder, (i) on the execution date of the Purchase Agreement, an amount of shares of common stock equal to 0.5% of the Available
Amount (as defined in the Purchase Agreement) (24,929 shares) and (ii) simultaneously with the delivery of any and all Purchase Shares purchased under the Purchase Agreement, a number of shares of common stock equal to 1% of the number of Purchase Shares actually sold in each sale under the Purchase Agreement (the “Commitment Shares” and, together