Company: FWDI
Filing Date: 2025-11-10
Form Type: 424B5
Source: 0001683168-25-008141
Chunk: 32

Company: Forward Industries, Inc.
Filing Date: 2025-11-10
Form: 424B5
Chunk 32
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VISIONS OF NEW YORK LAW AND OF OUR CHARTER AND BYLAWS | 35 |
| PLAN OF DISTRIBUTION                                             | 37 |
| INCORPORATION BY REFERENCE                                       | 37 |
| LEGAL MATTERS                                                    | 39 |
| EXPERTS                                                          | 39 |

| i |

<div align='center'>ABOUT
THIS PROSPECTUS</div>

To understand the terms of the securities offered
by this prospectus, you should carefully read this prospectus and any applicable prospectus supplement. You should also read the documents
referred to under the heading “Where You Can Find More Information” for information on us and the business conducted by us.

This prospectus is part of an automatic
registration statement on Form S-3 that we filed with the Securities and Exchange Commission (the “SEC”), as a
“well-known seasoned issuer” as defined in Rule 405 under the Securities Act of 1933, as amended (the
“Securities Act”) using a “shelf” registration process. Under this shelf registration process, we may
offer and sell from time to time shares of our common stock, shares of our preferred stock, warrants 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.

This prospectus provides you with a general description
of the securities that we may offer. Each time securities are sold under this shelf registration statement, we will provide an accompanying
prospectus supplement that will contain specific information about the terms of those securities and the terms of that offering. The prospectus
supplement also may add, update or change information contained in this prospectus. If there is any inconsistency between the information
in this prospectus and any accompanying prospectus supplement, you should rely on the information in the accompanying prospectus supplement.
Before making an investment decision, you should read carefully both this prospectus and any prospectus supplement together with the documents
incorporated by reference into this prospectus as described below under the heading “Incorporation by Reference.”

The registration statement that contains this
prospectus, including the exhibits to the registration statement and the information incorporated by reference, provides additional information
about us and our securities. That registration statement can be found on the SEC’s website at www.sec.gov.

You should rely only on the information provided
in the registration statement, this prospectus, and any accompanying prospectus supplement, including the information incorporated by