Company: FWDI
Filing Date: 2025-06-17
Form Type: S-1/A
Source: 0001683168-25-004556
Chunk: 27

Company: Forward Industries, Inc.
Filing Date: 2025-06-17
Form: S-1/A
Chunk 27
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 market conditions and other
factors. We may ultimately decide to sell to the Selling Stockholder all, some or none of the common stock that may be available for us
to sell to the Selling Stockholder pursuant to the Purchase Agreement. If we elect to sell common stock to the Selling Stockholder pursuant
to the Purchase Agreement, after the Selling Stockholder has acquired such shares, the Selling Stockholder may resell all, some or none
of such common stock at any time or from time to time in its discretion and at different prices. As a result, investors who purchase common
stock from the Selling Stockholder in this offering at different times will likely pay different prices for those shares of common stock,
and so may experience different levels of dilution and in some cases substantial dilution and different outcomes in their investment results.
See “Risk Factors-Risks Related to the Committed Equity Financings-Investors who buy shares of common stock from the Selling Stockholder at different times will likely pay different prices.”

Investors may experience a
decline in the value of the common stock they purchase from the Selling Stockholder in this offering as a result of future sales made
by us to the Selling Stockholder at prices lower than the prices such investors paid for their shares in this offering. In addition, if
we sell a substantial number of shares of common stock to the Selling Stockholder under the Purchase Agreement, or if investors expect
that we will do so, the actual sales of common stock or the mere existence of our arrangement with the Selling Stockholder may make it
more difficult for us to sell equity or equity-related securities in the future at a time and at a price that we might otherwise wish
to effect such sales.

Because the purchase price
per share to be paid by the Selling Stockholder for the common stock that we may elect to sell to the Selling Stockholder under the Purchase
Agreement, if any, will fluctuate based on the market prices of our common stock at the time we make such election, as of the date of
this prospectus, it is not possible for us to predict the number of shares of common stock that we will sell to the Selling Stockholder
under the Purchase Agreement, the actual purchase price per share to be paid by the Selling Stockholder for those shares of common stock,
or the actual gross proceeds to be raised by us from those sales, if any.

The number of
shares of common stock ultimately offered for sale by the Selling Stockholder for resale under this prospectus