Company: FWDI
Filing Date: 2025-06-10
Form Type: S-3
Source: 0001683168-25-004375
Chunk: 2

Company: Forward Industries, Inc.
Filing Date: 2025-06-10
Form: S-3
Chunk 2
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us. The total offering price of the securities described
in this prospectus will not exceed a total of $50,000,000.

This prospectus describes
some of the general terms that apply to the securities. We will provide specific terms of any securities we may offer in supplements to
this prospectus. You should read this prospectus and any applicable prospectus supplement carefully before you invest. The prospectus
supplement also may add, update or change information contained or incorporated in this prospectus.

We may offer and sell these
securities to or through one or more underwriters, brokers or agents, or directly to purchasers on a continuous or delayed basis. The
prospectus supplement for each offering of securities will describe the plan of distribution for that offering. For general information
about the distribution of securities offered, see “Plan of Distribution” in this prospectus. The prospectus supplement also
will set forth the price to the public of the securities and the net proceeds that we expect to receive from the sale of such securities.
This prospectus may also be used to cover the resale of securities by one or more selling security holders. To the extent that any
selling security holder resells any securities, the selling security holder may be required to provide you with this prospectus and a
prospectus supplement identifying and containing specific information about the selling security holder and the terms of the securities
being offered.

Our common stock is listed
on The Nasdaq Capital Market under the symbol “FORD.” On May 5, 2025, the last reported sales price of our common stock on
The Nasdaq Capital Market was $8.86 per share, 821,383 shares of our outstanding common stock were held by non-affiliates (our
“public float”), and the aggregate market value of our public float based on the aforementioned price was $7,277,453. Pursuant
to General Instruction I.B.6 of Form S-3, in no event will we sell securities registered on this Registration Statement in a public primary
offering for an aggregate offering amount exceeding one-third of our public float in any 12-month period so long as our public float
remains below $75 million, in each case calculated in accordance with such instruction. During the 12 calendar months prior to and including
the date of this prospectus, we have offered no shares of common stock pursuant to General Instruction I.B.6 of Form S-3. If the aggregate
market value of our common stock