Company: FWDI
Filing Date: 2025-11-10
Form Type: 424B5
Source: 0001683168-25-008141
Chunk: 76

Company: Forward Industries, Inc.
Filing Date: 2025-11-10
Form: 424B5
Chunk 76
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us 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 SEC 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 currency or currencies, including composite currencies, in which the purchase price and/or exercise price      
 of the warrants may be payable;                                                                                    |
| · | the aggregate number of the warrants;                                                                              |
| · | the exercise price and the amount of securities you will receive upon exercise;                                    |
| · | the procedure for exercise of the warrants and the circumstances, if any, that will cause the warrants to          
 be automatically exercised;                                                                                        |
| · | the terms of the security that may be purchased upon exercise of the warrants;                                     |
| · | anti-dilution provisions of the warrants, including adjustments for stock splits, combinations, reclassifications, 
 reorganizations, mergers, consolidations, sales of assets, or similar events;                                      |
| · | the rights, if any, we have to redeem the warrants;                                                                |
| · | the date on which the right to exercise the warrants will commence and the date on which the warrants will         
 expire;                                                                                                            |
| · | the name of the warrant agent; and                                                                                 |
| · | any other material terms of the warrants.                                                                          |

Exercise of warrants

Each warrant will entitle the
holder of the warrant to purchase the securities that we specify in the applicable prospectus supplement at the exercise price that we
describe in the applicable prospectus supplement. Holders may exercise warrants at any time up to 5:00 p.m. Eastern Time on the expiration
date set forth in the applicable prospectus supplement, unless otherwise specified in the warrant agreement. After the close of business
on the expiration date, unexercised warrants will automatically expire and become void. Holders may exercise warrants as set forth in
the prospectus supplement relating to the warrants being offered. Until a holder exercises the warrants to purchase any securities underlying
the warrants, the holder will not have any rights as a holder of the underlying securities by virtue of ownership of warrants.

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<div align='center'>DESCRIPTION
OF SUBSCRIPTION RIGHTS</div>

We may