Company: FWDI
Filing Date: 2025-06-24
Form Type: 424B3
Source: 0001683168-25-004724
Chunk: 37

Company: Forward Industries, Inc.
Filing Date: 2025-06-24
Form: 424B3
Chunk 37
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, be filled by the affirmative vote of a majority of directors then in office, even if less than a quorum;                                                                                            |
| · | do not provide for cumulative voting rights (therefore 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 so 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.                                                                                                                                                                                                                                                |

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Listings

Our common stock is traded
on The Nasdaq Capital Market under the symbol “FORD.”

Transfer Agent

The transfer agent for our
common stock is Equiniti Trust Company, LLC.

Disclosure of Commission Position on Indemnification for Securities Act Liabilities

Insofar as indemnification
for liabilities arising under the Securities Act may be permitted to our directors, officers and controlling persons pursuant to the foregoing
provisions, we have been informed that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities
Act and is, therefore, unenforceable.

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<div align='center'>LEGAL MATTERS</div>

The validity of the securities
offered hereby will be passed upon for us by Nason, Yeager, Gerson, Harris & Fumero, P.A., Palm Beach Gardens, Florida.

<div align='center'>EXPERTS</div>

The consolidated financial
statements of Forward Industries, Inc. and Subsidiaries for the years ended September 30, 2024 and 2023, have been audited by CohnReznick
LLP, independent registered public accounting firm, as set forth in their report thereon appearing in Forward Industries, Inc. and Subsidiaries’
Annual report on Form 10-K for the year ended September 30, 2024, and incorporated by reference herein. Such consolidated financial statements
are incorporated by reference herein in reliance upon such