Company: FWDI
Filing Date: 2025-06-17
Form Type: S-1/A
Source: 0001683168-25-004556
Chunk: 49

Company: Forward Industries, Inc.
Filing Date: 2025-06-17
Form: S-1/A
Chunk 49
---
 23, 2025 – Series B **                                                           |     |                           |     |          |     |         |     |           |
| 10.22    |     | Form of Warrant dated May 23, 2025 **                                                                                            |     |                           |     |          |     |         |     |           |
| 21.1     |     | List of Subsidiaries **                                                                                                          |     |                           |     |          |     |         |     |           |
| 23.1     |     | Consent of Independent Registered Public Accounting Firm                                                                         |     |                           |     |          |     |         |     | Filed     |
| 23.2     |     | Consent of Nason Yeager Gerson Harris & Fumero P.A. (Contained in Exhibit 5.1)                                                   |     |                           |     |          |     |         |     |           |
| 107      |     | Filing Fee Table **                                                                                                              |     |                           |     |          |     |         |     |           |

______________________

| +  | Certain schedules, appendices and exhibits to this agreement have                                                                          
 been omitted in accordance with Item 601 of Regulation S-K. A copy of any omitted schedule and/or exhibit will be furnished supplementally 
 to the Securities and Exchange Commission staff upon request.                                                                              |
| ** | Previously filed with the Registration Statement on Form S-1 (File                                                                         
 No. 333-287906) on June 10, 2025.                                                                                                          |

| II-4 |

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

Pursuant to the requirements of the Securities
Act of 1933, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly
authorized in the City of Hauppauge, State of New York on June 17, 2025.

| FORWARD INDUSTRIES, INC. |                                                               |
| By:                      | /s/Michael Pruitt                                             |
|                          | Michael Pruitt                                                |
|                          | Interim Chief Executive Officer (Principal Executive Officer) |

Pursuant to the requirements of the Securities Act
of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.

| Signature             
 /s/ Michael Pruitt    |     | Title                                                                
 Interim Chief Executive Officer                                      |     | Date          
 June 17, 2025 |
|: