Company: FWDI
Filing Date: 2025-11-10
Form Type: 424B5
Source: 0001683168-25-008141
Chunk: 81

Company: Forward Industries, Inc.
Filing Date: 2025-11-10
Form: 424B5
Chunk 81
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fore allowing the holders of a majority of the shares of                              
 common stock entitled to vote in any election of directors to elect all of the directors standing for election, if they should choose); |

| · | provide that special meetings of stockholders may be called only by the President, the Chairman of the Board,                          
 by the Board of Directors pursuant to a resolution adopted by the majority of the “entire board” (as defined in the Bylaws),           
 or Qualified Shareholders (as defined in the Bylaws) holding at least 30% of all votes entitled to be cast on any issue proposed to be 
 considered at the special meeting;                                                                                                     |

| · | provide advance notice provisions applicable to a stockholder who wishes to nominate a director or propose 
 other business to be considered at a stockholders’ meeting.                                                |

| 36 |

<div align='center'>PLAN
OF DISTRIBUTION</div>

We or the selling securityholders
may sell the securities being offered hereby in one or more of the following ways from time to time:

| · | to underwriters for resale to purchasers; |

| · | directly to purchasers; |

| · | through agents or dealers to purchasers; or |

| · | through a combination of any of these methods. |

In addition, we or the selling
securityholders may enter into derivative or hedging transactions with third parties, or sell securities not covered by this prospectus
to third parties in privately negotiated transactions. In connection with such a transaction, the third parties may sell securities covered
by and pursuant to this prospectus and any accompanying prospectus supplement. If so, the third party may use securities borrowed from
us or the selling securityholders or others to settle such sales and may use securities received from us to close out any related short
positions. We or the selling securityholders may also loan or pledge securities covered by this prospectus and any accompanying prospectus
supplement to third parties, who may sell the loaned securities or, in an event of default in the case of a pledge, sell the pledged securities
pursuant to this prospectus and any accompanying prospectus supplement.

We or the selling securityholders will identify
the specific plan of distribution, including any underwriters, dealers, agents or direct purchasers and their compensation in a prospectus
supplement.

<div align='center'>INCORPORATION
BY REFERENCE</div>

The SEC allows us to “incorporate by reference”
the information we file with the SEC, which means that we