Company: FWDI
Filing Date: 2025-09-17
Form Type: S-3ASR
Source: 0001683168-25-007043
Chunk: 2

Company: Forward Industries, Inc.
Filing Date: 2025-09-17
Form: S-3ASR
Chunk 2
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 to be offered pursuant to the base prospectus will be specified in a prospectus supplement
to the base prospectus. The at-the-market offering prospectus immediately follows the base prospectus. Upon termination of the Sales Agreement
or suspension or termination of the at the market offering prospectus, any amounts included in that prospectus that remain unsold will
be available for sale in other offerings pursuant to the base prospectus and a corresponding prospectus supplement, and if no shares are
sold under the Sales Agreement, the full $4 billion of securities may be sold in other offerings pursuant to the base prospectus and a
corresponding prospectus supplement.

PROSPECTUS

<div align='center'>FORWARD INDUSTRIES, INC.

Common Stock

Preferred Stock

Depositary Shares

Warrants

Subscription Rights

Purchase Contracts

Units</div>

We may offer and sell from time to time shares
of our common stock, shares of our preferred stock, depositary shares, warrants, subscription rights, purchase contracts or units, or
any combination thereof, in one or more offerings in amounts, at prices and on terms that we determine at the time of the offering.

Each time we offer securities pursuant to this
prospectus, we will provide a prospectus supplement containing more information about the particular offering together with this prospectus.
The prospectus supplement also may add, update or change information contained in this prospectus. This prospectus may not be used to
offer and sell securities without a prospectus supplement.

These securities may be sold on a continuous or
delayed basis directly to or through agents, dealers or underwriters as designated from time to time, or through a combination of these
methods. If any agents, dealers or underwriters are involved in the sale of any of the securities, their names and any applicable purchase
price, fee, commission or discount arrangement between or among them will be set forth, or will be calculable from the information set
forth, in the applicable prospectus supplement. See the sections of this prospectus entitled “About this Prospectus” and “Plan
of Distribution” for more information.

Our common stock is traded on The Nasdaq Capital
Market under the symbol “FORD.” If we decide to list or seek a quotation for any other securities, the prospectus supplement
relating to those securities will disclose the exchange or market on which those securities will be listed or quoted.

Investing in these securities involves significant risks. We strongly recommend that you read carefully the risks we