Company: FWDI
Filing Date: 2025-06-10
Form Type: S-3
Source: 0001683168-25-004375
Chunk: 6

Company: Forward Industries, Inc.
Filing Date: 2025-06-10
Form: S-3
Chunk 6
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The results anticipated by
any or all of these forward-looking statements might not occur. Important factors, uncertainties and risks that may cause actual results
to differ materially from these forward-looking statements are contained in the risk factors that follow and elsewhere in this prospectus
and the documents incorporated by reference. We undertake no obligation to publicly update or revise any forward-looking statements, whether
as the result of new information, future events or otherwise. For more information regarding some of the ongoing risks and uncertainties
of our business, see the risk factors that follow and or that are disclosed in our incorporated documents.

<div align='center'>RISK FACTORS</div>

Investing in our securities
involves risks. Before purchasing the securities offered by this prospectus you should carefully read the risk factors incorporated by
reference in this prospectus from our Annual Report on Form 10-K for the year ended September 30, 2024 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.

We will not receive any proceeds
from the sale of securities by the selling security holders offered by any prospectus supplement.

<div align='center'>SELLING SECURITY HOLDERS</div>

This prospectus also relates
to the possible resale by certain of our selling security holders, who we refer to in this prospect