secwatch.observer — SEC 8-K summary
======================================

Issuer:     Forward Industries, Inc. (FWDI)
CIK:        0000038264
Form:       8-K
Filed at:   2022-11-16T23:59:59+00:00
Accession:  0001683168-22-007818
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Forward Industries extends $1.4M related-party note maturity to Dec 2024
------------------------------------------------------------------------

- Board approved extension of $1.4M promissory note (originally $1.6M, $200k repaid) issued to Forward China, owned by Chairman/CEO.
- Maturity date extended to December 31, 2024 from prior date.
- Amendment to note executed on November 15, 2022.
- Forward China is an entity wholly owned by Forward Industries' Chairman and CEO.
- The note represents a direct financial obligation of the registrant.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/38264/000168316822007818/0001683168-22-007818-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/38264/000168316822007818/forward_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-22-007818

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer