Company: FWDI
Filing Date: 2025-09-11
Form Type: 424B5
Source: 0001683168-25-006851
Chunk: 3

Company: Forward Industries, Inc.
Filing Date: 2025-09-11
Form: 424B5
Chunk 3
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 the date when made. Accordingly, such representations,
warranties and covenants should not be relied on as accurately representing the current state of our affairs.

| S-1 |

<div align='center'>CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS</div>

This prospectus including the
documents incorporated by reference contains forward-looking statements. All statements other than statements of historical facts, including
statements regarding our future financial position, liquidity, business strategy and plans and objectives of management for future operations,
are forward-looking statements. The words “believe,” “may,” “estimate,” “continue,” “anticipate,”
“intend,” “should,” “plan,” “could,” “target,” “potential,” “is
likely,” “will,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking
statements. We have based these forward-looking statements largely on our current expectations and projections about future events and
financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs.

The results anticipated by any
or all of these forward-looking statements might not occur. Important factors, uncertainties and risks that may cause actual results to
differ materially from these forward-looking statements are contained in the risk factors that follow and elsewhere in this prospectus
and the documents incorporated by reference. We undertake no obligation to publicly update or revise any forward-looking statements, whether
as the result of new information, future events or otherwise. For more information regarding some of the ongoing risks and uncertainties
of our business, see the risk factors that follow and or that are disclosed in our incorporated documents.

| S-2 |

<div align='center'>PROSPECTUS SUPPLEMENT SUMMARY</div>

This summary is not complete and does not contain all of the information that you should consider before investing in the securities offered by this prospectus supplement and the accompanying prospectus. You should read this summary together with the entire prospectus supplement and the accompanying prospectus, including our financial statements, the notes to those financial statements and the other documents that are incorporated by reference in this prospectus supplement and the accompanying prospectus, before making an investment decision. See “ Risk Factors” beginning on page S-5 of this prospectus supplement for a discussion of the risks involved in investing in our securities.

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