Company: FWDI
Filing Date: 2025-06-10
Form Type: PRE 14A
Source: 0001683168-25-004370
Chunk: 2

Company: Forward Industries, Inc.
Filing Date: 2025-06-10
Form: PRE 14A
Chunk 2
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 LP and WVP-Emerging Manager Onshore Fund, LLC-Structured Small Cap Lending Series (collectively, the “Series B Investors”), without giving effect to the exchange cap in the Series B Purchase Agreements (the “Nasdaq 20% Issuance Proposal Series B”). |
| 6. | To approve an adjournment of the Annual Meeting to a later date or time, if necessary, to permit further solicitation and vote of proxies if there are not sufficient votes at the time of the Annual Meeting to approve any of the proposals presented for a vote at the Annual Meeting.                                                                                                                                                                                                                                                                                                                                                   |
| 7. | For the transaction of such other matters as may properly come before the Annual Meeting or any adjournment or postponement thereof.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |

Shareholders of record as of the close of business
on June 18, 2025 are entitled to vote at the Annual Meeting and any postponement or adjournment thereof. Please see pages 1-6 for additional
information regarding accessing the Annual Meeting and how to vote your shares. You do not need to attend the virtual meeting to vote
your shares.

Your vote is important. Please vote your proxy
promptly to ensure your shares are properly represented, even if you plan to join the Annual Meeting. You can vote by Internet, by telephone,
or by using the enclosed proxy card.

We appreciate your continued confidence in our Company and look forward to your joining us virtually on August 8, 2025.

By the Order of the Board of Directors

/s/ Michael Pruitt

Michael Pruitt

Interim Chief Executive Officer

Dated: June [_], 2025

Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting of Shareholders to Be Held on August 8, 2025: This Proxy Statement and Form 10-K are available at:https://www.proxyvote.com

<div align='center'>REVIEW THE PROXY STATEMENT AND VOTE IN FOUR WAYS:</div>

| VIA THE INTERNET IN ADVANCE                  
 Visit www.proxyvote.com.                     |     | BY MAIL                                             
 Sign, date, and return the enclosed proxy card or   
 voting instruction form.                            |
| BY TELEPHONE                                 
 Call the telephone number on your proxy card 
 or voting instruction form.                  |     | AT THE MEETING                                      
 Attend the Annual Meeting virtually. See page 1 for 
 additional details on how to attend.                |

We urge you to vote your shares at