Company: FWDI
Filing Date: 2025-11-03
Form Type: 424B5
Source: 0001683168-25-007923
Chunk: 0

Company: Forward Industries, Inc.
Filing Date: 2025-11-03
Form: 424B5
Chunk 0
---
Filed pursuant to Rule 424(b)(5)

Registration No. 333-290312

PROSPECTUS SUPPLEMENT

(To the Prospectus dated September 16, 2025)

<div align='center'>102,848,137 Shares of Common Stock

Forward Industries, Inc.

Common Stock</div>

This prospectus supplement
relates to the registration of the potential offer and resale of up to 102,848,137 shares of our common stock, par value $0.01 per share
(the “common stock”), of Forward Industries, Inc. (the “Company”), held by the selling shareholders (as defined
below). The shares of our common stock being registered for resale were issued to selling shareholders in connection with the Private
Placement (as defined below) and consist of the following:

| · | 76,267,272 shares of common stock sold pursuant to the Securities Purchase Agreement (as defined below)         
 to the selling shareholders named therein (the “Securities Purchase Agreement Shares”);                         |
| · | 12,864,601 shares of common stock issuable upon the exercise of pre-funded warrants to purchase up to           
 12,864,601 shares of common stock at an exercise price of $0.00001 per share (the “Pre-Funded Warrant Shares”); |
| · | 8,917,592 shares of common stock issuable upon the exercise of warrants to purchase up to 8,917,592 shares      
 of common stock at an exercise price of $0.01 per share (the “Lead Investor Warrant Shares”);                   |
| · | 4,458,796 shares of common stock issuable upon the exercise of warrants to purchase up to 4,458,796 shares      
 of common stock at an exercise price of $0.01 per share (the “Advisor Warrant Shares”);                         |
| · | 228,765 shares of common stock issued upon the conversion of the Series B Convertible Preferred Stock,          
 $0.01 par value (the “Series B Preferred Stock” and the shares, “the Series B Converted Shares”); and           |
| · | 111,111 shares of common stock issuable upon the exercise of warrants to purchase up to 111,111 shares          
 of common stock at an exercise price of $6.50 per share (the “PS Agreement Warrant Shares”).                    |

The Securities Purchase Agreement
Shares, Pre-Funded Warrant Shares, Lead Investor Warrant Shares,