Company: FWDI
Filing Date: 2025-06-24
Form Type: 424B3
Source: 0001683168-25-004724
Chunk: 32

Company: Forward Industries, Inc.
Filing Date: 2025-06-24
Form: 424B3
Chunk 32
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 following methods:

| · | ordinary brokers’                                                                                                                   
 transactions;                                                                                                                       |
| · | transactions involving                                                                                                              
 cross or block trades;                                                                                                              |
| · | through brokers, dealers,                                                                                                           
 or underwriters who may act solely as agents;                                                                                       |
| · | “at the market”                                                                                                                     
 into an existing market for our common stock;                                                                                       |
| · | in other ways                                                                                                                       
 not involving market makers or established business markets, including direct sales to purchasers or sales effected through agents; |
| · | in privately negotiated                                                                                                             
 transactions; or                                                                                                                    |
| · | any combination of the                                                                                                              
 foregoing.                                                                                                                          |

In order to comply with the
securities laws of certain states, if applicable, the shares may be sold only through registered or licensed brokers or dealers. In addition,
in certain states, the shares may not be sold unless they have been registered or qualified for sale in the state or an exemption from
the state’s registration or qualification requirement is available and complied with.

The Selling Stockholder may be
deemed to be an “underwriter” within the meaning of Section 2(a)(11) of the Securities Act.

The Selling Stockholder has
informed us that it intends to use one or more registered broker-dealers to effectuate all sales, if any, of our common stock that it
has acquired and may in the future acquire from us pursuant to the Purchase Agreement. Such sales will be made at prices and at terms
then prevailing or at prices related to the then current market price. Each such registered broker-dealer will be an underwriter within
the meaning of Section 2(a)(11) of the Securities Act. The Selling Stockholder has informed us that each such broker-dealer will receive
commissions from the Selling Stockholder that will not exceed customary brokerage commissions.

Brokers, dealers, underwriters
or agents participating in the distribution of our common stock offered by this prospectus may receive compensation in the form of commissions,
discounts, or concessions from the purchasers, for whom the broker-dealers may act as agent, of the shares sold by the Selling Stockholder
through this prospectus. The compensation paid to any such particular broker-dealer by any such purchasers of our common stock sold by
the selling stockholder may be less than or in excess of customary commissions. Neither we nor the Selling Stockholder can presently estimate
the amount of compensation that any agent will receive from any purchasers of our common stock