Company: FWDI
Filing Date: 2025-06-24
Form Type: 424B3
Source: 0001683168-25-004724
Chunk: 2

Company: Forward Industries, Inc.
Filing Date: 2025-06-24
Form: 424B3
Chunk 2
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 underwriter under the
Securities Act with respect to the resale of shares held by it.

You should read this prospectus
and any prospectus supplement or amendment, together with additional information described under the headings “Where You Can Find More Information” carefully before you invest in our securities.

Our common stock is listed
on The Nasdaq Capital Market under the symbol “FORD.” On June 20, 2025, the last reported sales price of our common stock
on The Nasdaq Capital Market was $6.35 per share.

Investing in our securities involves a high degree of risk. You should review carefully the risks and uncertainties described under the heading “ Risk Factors” beginning on page 6 of this prospectus, and under similar headings in any amendment or supplement to this prospectus or in any other documents incorporated by reference into this prospectus.

NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR PASSED UPON THE ADEQUACY OR ACCURACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

<div align='center'>The date of this prospectus
is June 23, 2025.</div>

<div align='center'>TABLE OF CONTENTS</div>

|                                                                  | Page |
| About This Prospectus                                            |    1 |
| Cautionary Statement Regarding Forward Looking Statements        |    1 |
| Prospectus Summary                                               |    2 |
| The Offering                                                     |    5 |
| Risk Factors                                                     |    6 |
| The Committed Equity Financing                                   |   11 |
| Use of Proceeds                                                  |   16 |
| Market Information                                               |   16 |
| Dividend Policy                                                  |   16 |
| The Selling Stockholder                                          |   17 |
| Plan of Distribution                                             |   19 |
| Description of Capital Stock                                     |   21 |
| Certain Provisions of New York Law and of Our Charter and Bylaws |   22 |
| Legal Matters                                                    |   24 |
| Experts                                                          |   24 |
| Where You Can Find Additional Information                        |   24 |
| Incorporation of Certain Information by Reference                |   25 |

| i |

<div align='center'>About This Prospectus</div>

This prospectus is part of
a registration statement that we have filed with the SEC pursuant to which the Selling Stock