Company: FWDI
Filing Date: 2025-09-11
Form Type: 424B5
Source: 0001683168-25-006851
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Company: Forward Industries, Inc.
Filing Date: 2025-09-11
Form: 424B5
Chunk 0
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Filed pursuant to Rule 424(b)(5)

Registration No. 333-287907

<div align='center'>1,783,783 Shares of Common Stock

Forward Industries, Inc.

Common Stock</div>

Pursuant to this prospectus
supplement and the accompanying prospectus, we are offering 1,783,783 shares of our Common Stock directly to an investor without a placement
agent or underwriter at a price of $18.50 per share. We are not paying underwriting discounts or commissions, so the proceeds to us, before
expenses, from the sale of these additional shares will be approximately $32.9 million. We estimate the total expenses of for all shares
sold in this offering will be approximately $100,000.

Our common stock is traded
on The Nasdaq Capital Market under the symbol “FORD.” On September 9, 2025, the last reported sale price of our common stock
on The Nasdaq Capital Market was $28.97 per share.

Investing in our securities involves a high degree of risk. See the section entitled “ Risk Factors” appearing on page S-5 of this prospectus supplement and elsewhere in this prospectus supplement and the accompanying base prospectus for a discussion of information that should be considered in connection with an investment in our securities.

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 supplement. Any representation to the contrary is a criminal offense.

We expect to deliver the shares
of Common Stock to the purchasers on or about September 11, 2025.

<div align='center'>The date of this prospectus supplement is September 11, 2025</div>

<div align='center'>TABLE OF CONTENTS

Prospectus Supplement</div>

|                                                      | Page |
| ABOUT THIS PROSPECTUS SUPPLEMENT                     | S-1  |
| CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS | S-2  |
| PROSPECTUS SUPPLEMENT SUMMARY                        | S-3  |
| RISK FACTORS                                         | S-5  |
| USE OF PROCEEDS                                      | S-5  |
| DESCRIPTION OF SECURITIES WE ARE OFFERING            | S-5  |
| PLAN OF DISTRIBUTION                                 | S-6  |
| LEGAL MATTERS                                        | S-6  |
| EXPERTS                                              | S-6  |
| INFORMATION INCORPOR