Company: FWDI
Filing Date: 2025-06-10
Form Type: S-1
Source: 0001683168-25-004372
Chunk: 31

Company: Forward Industries, Inc.
Filing Date: 2025-06-10
Form: S-1
Chunk 31
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 the Selling Stockholder’s execution and delivery of the
Purchase Agreement.

As used in this prospectus,
the term “Selling Stockholder” includes the Selling Stockholder listed in the table below, and its permitted pledgees, donees,
transferees, assignees, successors, designees, successors-in-interest and others who later come to hold any of the Selling Stockholder’s
interest in the shares of common stock in accordance with the terms of the applicable agreements governing their respective registration
rights, other than through a public sale. This prospectus also covers any additional securities that may become issuable by reason of
stock splits, stock dividends or other similar transactions.

For additional
information regarding the issuance of common stock covered by this prospectus, see the section entitled “Committed Equity Financing” above. We are registering the shares of common stock pursuant to the provisions of the Purchase Agreement
and the Registration Rights Agreement in order to permit the Selling Stockholder to offer the shares for resale from time to time.
Except for the transactions contemplated by the Purchase Agreement and the Registration Rights Agreement, the Selling Stockholder
has not had any material relationship with us within the past three years.

The
table below presents information regarding the Selling Stockholder and the shares of common stock that it may offer from time to time
under this prospectus. This table is prepared based on information supplied to us by the selling stockholder, and reflects holdings as
of June 9, 2025. The number of shares in the column “Maximum Number of Shares of Common Stock to be Offered Pursuant to this Prospectus”
represents all of the shares of common stock that the Selling Stockholder may offer under this prospectus. The Selling Stockholder may
sell some, all or none of its shares in this offering. We do not know how long the Selling Stockholder will hold the shares before selling
them, and we currently have no agreements, arrangements or understandings with the Selling Stockholder regarding the sale of any of the
shares.

Beneficial ownership is determined
in accordance with Rule 13d-3(d) promulgated by the SEC under the Exchange Act, and includes shares of common stock with respect to which
the Selling Stockholder has voting and investment power. The percentage of common stock beneficially owned by the Selling Stockholder
prior to the offering shown in the table below is based on an aggregate of 1,125,998 shares of our common stock outstanding on June 9,
2025. Because the