Company: FWDI
Filing Date: 2025-09-11
Form Type: 424B5
Source: 0001683168-25-006851
Chunk: 13

Company: Forward Industries, Inc.
Filing Date: 2025-09-11
Form: 424B5
Chunk 13
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 filed with the Commission on December 27,
2024, as well as the risks, uncertainties and additional information set forth in the other documents incorporated by reference in this
prospectus that we file with the Commission after the date of this prospectus and which are deemed incorporated by reference in this prospectus,
and the information contained in any applicable prospectus supplement. For a description of these reports and documents, and information
about where you can find them, see “Incorporation of Certain Information by Reference.” The risks and uncertainties we discuss
in this prospectus and in the documents incorporated by reference in this prospectus are those that we currently believe may materially
affect our company. Additional risks not presently known, or currently deemed immaterial, also could materially and adversely affect our
financial condition, results of operations, business and prospects.

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

Unless we specify otherwise in
an accompanying prospectus supplement, we intend to use the net proceeds from the sale of the securities by us to provide additional funds
for working capital, and other general corporate purposes. Any specific allocation of the net proceeds of an offering of securities will
be determined at the time of such offering and will be described in the accompanying supplement to this prospectus.

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<div align='center'>DESCRIPTION OF CAPITAL STOCK</div>

We are authorized to issue 40,000,000
shares of common stock, par value $0.01 per share, and 4,000,000 shares of preferred stock, par value $0.01 per share.

Common Stock

We are authorized to issue 40,000,000
shares of common stock, par value $0.01 per share. The holders of common stock are entitled to one vote per share on all matters submitted
to a vote of stockholders, including the election of directors. There is no cumulative voting in the election of directors. In the event
of our liquidation or dissolution, holders of common stock are entitled to share ratably in all assets remaining after payment of liabilities
and the liquidation preferences of any outstanding shares of preferred stock. Holders of common stock have no preemptive rights and have
no right to convert their common stock into any other securities and there are no redemption provisions applicable to our common stock.

The holders of common stock are
entitled to any dividends that may be declared by the Company’s Board of Directors (the “Board”) out of funds legally
available for payment of dividends