Company: FWDI
Filing Date: 2025-11-03
Form Type: 424B5
Source: 0001683168-25-007923
Chunk: 79

Company: Forward Industries, Inc.
Filing Date: 2025-11-03
Form: 424B5
Chunk 79
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 holders of the purchase contracts or the purchase units, as the case may be, or vice
versa, and those payments may be unsecured or pre-funded in whole or in part.

The description in an accompanying
prospectus supplement of any purchase contract or purchase unit we offer will not necessarily be complete and will be qualified in its
entirety by reference to the applicable purchase contract or purchase unit, which will be filed with the SEC if we offer purchase contracts
or purchase units. For more information on how you can obtain copies of any purchase contract or purchase unit we may offer, see “Where
You Can Find More Information.” We urge you to read the applicable purchase contract or applicable purchase unit and any accompanying
prospectus supplement in their entirety.

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<div align='center'>DESCRIPTION
OF THE UNITS</div>

We may issue units comprised
of one or more of the other securities described in this prospectus or any prospectus supplement in any combination. Each unit will be
issued so that the holder of the unit will automatically become the holder of each security included in the unit, with all associated
rights and obligations of such securities. The unit agreement under which a unit is issued may provide that the securities included in
the unit may not be held or transferred separately, at any time or at any times before a specified date or upon the occurrence of a specified
event or occurrence.

The applicable prospectus supplement
will describe:

| · | the designation and the terms of the units and of the securities comprising the units, including whether     
 and under what circumstances those securities may be held or transferred separately;                         |
| · | any unit agreement under which the units will be issued;                                                     |
| · | any provisions for the issuance, payment, settlement, transfer or exchange of the units or of the securities 
 comprising the units; and                                                                                    |
| · | whether the units will be issued in fully registered or global form.                                         |

Transfer Agent

We have appointed Equity Stock
Transfer, LLC as our stock transfer agent. The transfer agent’s address is 237 W 37th St. Suite 602, New York, NY 10018.

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<div align='center'>CERTAIN
PROVISIONS OF NEW YORK LAW AND OF OUR CHARTER AND BYLAWS</div>

Anti-Takeover Effects of New
York Law

Section 912 of the New York
Business Corporation Law (the “NYBCL”) prohibits a business combination, such as a