Company: FWDI
Filing Date: 2025-11-10
Form Type: 424B5
Source: 0001683168-25-008141
Chunk: 29

Company: Forward Industries, Inc.
Filing Date: 2025-11-10
Form: 424B5
Chunk 29
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 to the requirements of that rule, or another available exemption from the registration requirements
under the Securities Act.

The selling shareholders and
any underwriters, broker-dealers or agents that participate in the sale of the Shares or interests therein may be “underwriters”
within the meaning of Section 2(a)(11) of the Securities Act (it being understood that the selling shareholders shall not be deemed to
be underwriters solely as a result of their participation in this offering). Any discounts, commissions, concessions or profit they earn
on any resale of the Shares may be underwriting discounts and commissions under the Securities Act. Selling shareholders will be subject
to the delivery requirements of the Securities Act (or an exemption therefrom).

To the extent required, the
Shares to be sold, the names of the selling shareholders, the respective purchase prices and public offering prices, the names of any
agent, dealer or underwriter, and any applicable commissions or discounts with respect to a particular offer will be set forth in an accompanying
prospectus supplement or, if appropriate, a post-effective amendment to the registration statement of which this prospectus supplement
forms a part.

In order to comply with the
securities laws of some states, if applicable, the Shares may be sold in these jurisdictions only through registered or licensed brokers
or dealers. In addition, in some states the Shares may not be sold unless it has been registered or qualified for sale or an exemption
from registration or qualification requirements is available and is complied with.

We have advised the selling
shareholders that the anti-manipulation rules of Regulation M under the Exchange Act may apply to sales of Shares in the market and to
the activities of the selling shareholders and their Affiliates. In addition, to the extent applicable, we will make copies of this prospectus
supplement (as it may be supplemented or amended from time to time) available to the selling shareholders for the purpose of satisfying
the delivery requirements of the Securities Act. The selling shareholders may indemnify any broker-dealer that participates in transactions
involving the sale of the Shares against certain liabilities, including liabilities arising under the Securities Act.

We have agreed to indemnify
the selling shareholders against liabilities, including liabilities under the Securities Act and state securities laws, relating to the
registration of the Shares offered by this prospectus supplement.

We have agreed with the selling
shareholders to use commercially reasonable efforts to cause the registration statement of which this prospectus supplement constitutes
a part to become effective and to remain continuously