Company: FWDI
Filing Date: 2025-06-17
Form Type: S-3/A
Source: 0001683168-25-004558
Chunk: 6

Company: Forward Industries, Inc.
Filing Date: 2025-06-17
Form: S-3/A
Chunk 6
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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.

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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