Company: FWDI
Filing Date: 2025-11-10
Form Type: 424B5
Source: 0001683168-25-008141
Chunk: 78

Company: Forward Industries, Inc.
Filing Date: 2025-11-10
Form: 424B5
Chunk 78
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 PURCHASE UNITS</div>

We may issue purchase contracts,
including contracts obligating holders to purchase from us, and obligating us to sell to the holders, a specified number of shares of
our common stock or shares of our preferred stock at a future date or dates, which we refer to in this prospectus as purchase contracts.
The price of the securities and the number of securities may be fixed at the time the purchase contracts are issued or may be determined
by reference to a specific formula set forth in the purchase contracts and may be subject to adjustment under anti-dilution formulas.
The purchase contracts may be issued separately or as part of units consisting of a stock purchase contract and our debt securities or
preferred securities or debt obligations of third parties, including U.S. treasury securities, or any combination of the foregoing, securing
the holders’ obligations to purchase the securities under the purchase contracts, which we refer to herein as purchase units. The
purchase contracts may require holders to secure their obligations under the purchase contracts in a specified manner. The purchase contracts
also may require us to make periodic payments to the holders of the purchase contracts or the purchase units, as the case may be, or vice
versa, and those payments may be unsecured or pre-funded in whole or in part.

The description in an accompanying
prospectus supplement of any purchase contract or purchase unit we offer will not necessarily be complete and will be qualified in its
entirety by reference to the applicable purchase contract or purchase unit, which will be filed with the SEC if we offer purchase contracts
or purchase units. For more information on how you can obtain copies of any purchase contract or purchase unit we may offer, see “Where
You Can Find More Information.” We urge you to read the applicable purchase contract or applicable purchase unit and any accompanying
prospectus supplement in their entirety.

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<div align='center'>DESCRIPTION
OF THE UNITS</div>

We may issue units comprised
of one or more of the other securities described in this prospectus or any prospectus supplement in any combination. Each unit will be
issued so that the holder of the unit will automatically become the holder of each security included in the unit, with all associated
rights and obligations of such securities. The unit agreement under which a unit is issued may provide that the securities included in
the unit may not be held or transferred separately, at any time or at any times before a specified date or upon the occurrence of a specified
event or occurrence.