Company: FWDI
Filing Date: 2025-11-03
Form Type: 424B5
Source: 0001683168-25-007923
Chunk: 1

Company: Forward Industries, Inc.
Filing Date: 2025-11-03
Form: 424B5
Chunk 1
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 Advisor Warrant Shares, the Series B Converted Shares and the PS Agreement
Warrant Shares will herein be referred to as the “Shares.” We issued the Shares in reliance upon the exemption from registration
afforded by Section 4(a)(2) and Regulation D of the Securities Act of 1933, as amended (the “Securities Act”), and are registering
the Shares pursuant to certain registration rights granted to the selling shareholders under the registration rights agreement, dated
September 6, 2025 (the “Registration Rights Agreement”). For information regarding the selling shareholders, please refer
to the section entitled “Selling Shareholders” on page S-13 of this prospectus supplement.

The selling shareholders may
elect to sell, from time to time, the Shares offered pursuant to this prospectus supplement through public or private transactions at
prevailing market prices, at prices related to prevailing market prices or at privately negotiated prices. We will bear all costs, expenses
and fees in connection with the registration of the Shares. We are not offering any shares of common stock for sale under this prospectus
supplement and we will not receive any proceeds from the selling shareholders’ sale of the Shares. For additional information on
the possible methods of sale that may be used by the selling shareholders, please refer to the section entitled “Plan of Distribution”
on page S-27 of this prospectus supplement.

Shares of our common stock
are traded on The Nasdaq Capital Market under the symbol “FORD.” On October 31, 2025, the last reported sale price of our
common stock on The Nasdaq Capital Market was $14.39 per share.

Investing in our securities involves a high degree of risk. See the section entitled “ Risk Factors” appearing on page S-11 of this prospectus supplement and elsewhere in this prospectus supplement and the accompanying base prospectus for a discussion of information that should be considered in connection with an investment in our securities.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the adequacy or accuracy of this prospectus supplement. Any representation to the contrary is a criminal offense.

<div align='center'>The date of this prospectus supplement is
November 3, 2025</div>

<div align='center'>TABLE OF CONTENTS

Prospectus Supplement</div>

| ABOUT THIS PROSPECTUS SUPPLEMENT    | S-ii  |
| WHERE YOU CAN FIND MORE INFORMATION | S-iii |