Company: FWDI
Filing Date: 2025-09-18
Form Type: S-8
Source: 0001683168-25-007107
Chunk: 7

Company: Forward Industries, Inc.
Filing Date: 2025-09-18
Form: S-8
Chunk 7
---
 subsequent filings with the SEC, which risk
factors are incorporated herein by reference in their entirety. Additional risks and uncertainties not presently known to us, or that
we currently deem immaterial, may also impair our business operations or our financial condition. If any of the risk factors occur, our
business, financial condition, results of operations or prospects could be materially and adversely affected. In such case, the value
and marketability of the Common Stock could decline.

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

This reoffer prospectus relates to shares of Common
Stock being offered and sold for the account of the Selling Shareholders. We will not receive any proceeds from the sale of the Common
Stock offered and sold pursuant to this reoffer prospectus. We will, however, receive the exercise price of the options at the time of
their exercise. Such proceeds will be contributed to working capital and will be used for general corporate purposes.

We have agreed to pay all expenses relating to
the registration of Common Stock to be offered and sold pursuant to this reoffer prospectus. The Selling Shareholders will pay any brokerage
commissions and/or similar charges incurred in connection with the sale of these shares of Common Stock.

| 2 |

<div align='center'>SELLING SHAREHOLDERS</div>

This reoffer prospectus relates to the reoffer
and resale by the Selling Shareholders listed below of shares of Common Stock which have been acquired or may be acquired by the Selling
Shareholders who are deemed “affiliates” of the Company pursuant to the Plans.

The following table sets forth as of September
17, 2025 with respect to the Selling Shareholders.

| (a) | the name of each Selling Shareholder;                                                                                                                                                |
| (b) | the number of shares of Common Stock beneficially owned by each Selling Shareholder;                                                                                                 |
| (c) | the maximum number of shares of Common Stock that each Selling Shareholder may offer for sale from time to time pursuant to this reoffer prospectus; and                             |
| (d) | the number of shares of Common Stock and the percentage of Common Stock that would be beneficially owned by each Selling Shareholder assuming the sale of all shares offered hereby. |

We may amend or supplement this reoffer prospectus
from time to time in the future to update the information concerning the identities of the Selling Shareholders, the number of shares
that may be sold by each such Selling Shareholder and information about the shares