Company: FWDI
Filing Date: 2025-09-18
Form Type: S-8
Source: 0001683168-25-007107
Chunk: 1

Company: Forward Industries, Inc.
Filing Date: 2025-09-18
Form: S-8
Chunk 1
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to Section 7(a)(2)(B) of the Securities Act. ¨

<div align='center'>EXPLANATORY NOTE</div>

This Post-Effective Amendment No. 1 to the Registration
Statement on Form S-8 is being filed with the U.S. Securities and Exchange Commission (the “SEC”) under the Securities Act,
to register a total of 429,100 shares of Common Stock of Forward Industries, Inc. (the “Company” or the “Registrant”)
issued or issuable under the Forward Industries, Inc. 2021 Equity Incentive Plan (the “2021 Plan”). The Company previously
registered 129,100 shares of Common Stock (as adjusted for the 2024 1-for-10 reverse stock split) issuable under the 2021 Plan pursuant
to this Registration Statement on Form S-8 originally filed with the SEC on February 24, 2021. The 2021 Plan has been amended to increase
the number of shares available from 129,100 to 429,100. This Registration Statement also registers 4,082 shares of Common Stock issued
or issuable under the 2011 Long Term Incentive Plan (the “2011 Plan”). We refer to the 2021 Plan and the 2011 Plan, collectively
as the “Plans”.

This Registration Statement also includes a reoffer
prospectus, prepared pursuant to General Instruction C to Form S-8, in accordance with the requirements of Part I of Form S-3, to be used
by the Company’s directors and executive officers (which we refer to as the “Selling Shareholders”), as described under
the section entitled “Selling Shareholders” therein, in connection with reoffers and resales on a continuous or delayed basis
of a total of 376,607 shares of Common Stock that have been or may be acquired by the Selling Shareholders pursuant to outstanding stock
options granted under the Plans. The Selling Shareholders are considered affiliates of the Company, as defined in Rule 405 under the Securities
Act, and may be selling shares of Common Stock that constitute “restricted securities” or “control securities”
within the meaning of General Instruction C to Form S-8. The reoffer prospectus updates and supplements and should be read in conjunction
with the information contained in the reoffer prospectus previously filed with the SEC on February 24, 2021.

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<div align='center'>PART I

INFORMATION