Company: FWDI
Filing Date: 2025-09-11
Form Type: 424B5
Source: 0001683168-25-006851
Chunk: 6

Company: Forward Industries, Inc.
Filing Date: 2025-09-11
Form: 424B5
Chunk 6
---
 our financial condition, results of operations, business
and prospects.

<div align='center'>USE OF PROCEEDS</div>

We will have broad discretion
in the use of the net proceeds from the sale of the shares of Common Stock offered under this prospectus supplement. We intend to use
the net proceeds from the sale of our shares of Common Stock for working capital, purchase of Solana, and general corporate purposes.

<div align='center'>DESCRIPTION OF SECURITIES WE ARE OFFERING</div>

We are offering shares of our
Common Stock. The following description of our Common Stock summarizes the material terms and provisions thereof, including the material
terms of the shares of Common Stock we are offering under this prospectus supplement and the accompanying prospectus.

Common Stock

See Description of Capital Stock
on page 3 of the accompanying prospectus for a description of the material terms of our Common Stock.

| S-5 |

<div align='center'>PLAN OF DISTRIBUTION</div>

We are offering the shares
of Common Stock directly to one investor. The offering is not being made through an underwriter or placement agent. We have entered into
subscription agreements with this investor for the full amount of the offering. The form of subscription agreement is included as an exhibit
to our Current Report on Form 8-K that we will file with the SEC in connection with the consummation of this offering. See “Where You Can Find More Information.”

Our obligation to issue and
sell shares to the purchaser is subject to the conditions set forth in the subscription agreement. A purchaser’s obligation to purchase
shares is subject to conditions set forth in the subscription agreement as well.

We expect that the sale of
1,783,783 shares will be completed on or about September 11, 2025. 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.

Listing

Our Common Stock is listed on The Nasdaq Capital Market
under the symbol “FORD.”

Transfer Agent

We have appointed Equity Stock
Transfer as our stock transfer agent.

<div align='center'>LEGAL MATTERS</div>

The validity of the securities
offered hereby will be passed upon for us by Nason, Yeager, Gerson, Harris & Fumero, P.A., Palm Beach Gardens, Florida.

<div align