Company: FWDI
Filing Date: 2025-09-11
Form Type: 424B5
Source: 0001683168-25-006851
Chunk: 16

Company: Forward Industries, Inc.
Filing Date: 2025-09-11
Form: 424B5
Chunk 16
---
                              |
| · | whether dividends shall be cumulative or non-cumulative and, if cumulative, the date from which dividends on the preferred stock shall accumulate;                                                                         |
| · | the provisions for a sinking fund, if any, for the preferred stock;                                                                                                                                                        |
| · | any voting rights of the preferred stock;                                                                                                                                                                                  |
| · | the provisions for redemption, if applicable, of the preferred stock;                                                                                                                                                      |
| · | any listing of the preferred stock on any securities exchange;                                                                                                                                                             |
| · | the terms and conditions, if applicable, upon which the preferred stock will be convertible into our common stock, including the conversion price or the manner of calculating the conversion price and conversion period; |
| · | if appropriate, a discussion of federal income tax consequences applicable to the preferred stock; and                                                                                                                     |
| · | any other specific terms, preferences, rights, limitations or restrictions of the preferred stock.                                                                                                                         |

| 4 |

<div align='center'>DESCRIPTION OF WARRANTS</div>

We may issue warrants for the
purchase of common stock. Warrants may be issued independently or together with other securities and may be attached to or separate from
any offered securities. Each series of warrants will be issued under a separate warrant agreement. Set forth below is a brief summary
of the general terms and provisions of the warrants that we may issue from time to time. Additional terms of the warrants and the applicable
warrant agreement will be described in the applicable prospectus supplement.

The following descriptions, and
any description of the warrants included in a prospectus supplement, may not be complete and is subject to and qualified in its entirety
by reference to the terms and provisions of the applicable warrant agreement, which we will file with the Commission in connection with
any offering of warrants.

General

The prospectus supplement relating
to a particular issue of warrants will describe the terms of the warrants, including the following:

| · | the title of the warrants;                                                                                                                                                                       |
| · | the offering price of the warrants, if any;                                                                                                                                                      |
| · | the aggregate number of the warrants;                                                                                                                                                            |
| · | the terms of the security that may be purchased upon exercise of the warrants;                                                                                                                   |
| · | if applicable, the designation and terms of the securities that the warrants are issued with and the number of warrants issued with each security;                                               |
| · | if applicable, the date from and after which the warrants and any securities issued with the warrants will be separately transferable;