Company: FWDI
Filing Date: 2025-06-10
Form Type: S-3
Source: 0001683168-25-004375
Chunk: 15

Company: Forward Industries, Inc.
Filing Date: 2025-06-10
Form: S-3
Chunk 15
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will be subject to certain conditions, and the underwriters will be obligated to purchase all of the offered securities if they purchase
any of them. The underwriters may change from time to time any initial public offering price and any discounts or concessions allowed
or re-allowed or paid to brokers.

We will describe the name
or names of any underwriters, brokers or agents and the purchase price of the securities in a prospectus supplement relating to the securities.

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In connection with the sale
of the securities, underwriters may receive compensation from us or from purchasers of the securities, for whom they may act as agents,
in the form of discounts, concessions or commissions. Underwriters may sell the securities to or through brokers, and these brokers may
receive compensation in the form of discounts, concessions or commissions from the underwriters and/or commissions from the purchasers
for whom they may act as agents, which is not expected to exceed that customary in the types of transactions involved. Underwriters, brokers
and agents that participate in the distribution of the securities may be deemed to be underwriters, and any discounts or commissions they
receive from us, and any profit on the resale of the securities they realize may be deemed to be underwriting discounts and commissions,
under the Securities Act. The prospectus supplement will identify any underwriter or agent and will describe any compensation they receive
from us.

Underwriters could make sales
in privately negotiated transactions and/or any other method permitted by law, including sales deemed to be an “at-the-market”
offering, sales made directly on The Nasdaq Capital Market, the existing trading market for our common stock, or sales made to or through
a market maker other than on The Nasdaq Capital Market. The name of any such underwriter or agent involved in the offer and sale of our
securities, the amounts underwritten, and the nature of its obligations to take our securities will be described in the applicable prospectus
supplement.

Unless otherwise specified
in the prospectus supplement, each series of the securities will be a new issue with no established trading market, other than our shares
of common stock, which are currently traded on The Nasdaq Capital Market. It is possible that one or more underwriters may make a market
in a series of the securities, but underwriters will not be obligated to do so and may discontinue any market making at any time without
notice. Therefore, we can give no assurance about the liquidity of the trading market for any of the securities