---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-005294"
form_type: "8-K"
ticker: "FWDI"
cik: "0000038264"
company_name: "Forward Industries, Inc."
filed_at: "2023-08-04T23:59:59+00:00"
generated_at: "2026-06-12T06:35:57.242825+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Forward Industries receives Nasdaq bid-price deficiency notice; 180-day cure period

## Summary
- Nasdaq letter on July 31, 2023: common stock failed to maintain $1.00 minimum bid for 30 consecutive days.
- Company has 180-day grace period through January 29, 2024 to regain compliance.
- To cure, closing bid must be $1.00+ for 10 consecutive days; potential additional 180-day extension available.
- No immediate impact on listing; company assessing options to maintain Nasdaq listing.

## SEC filing metadata
- accession: 0001683168-23-005294
- form_type: 8-K
- ticker: FWDI
- cik: 0000038264
- company_name: Forward Industries, Inc.
- filed_at: 2023-08-04T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/38264/000168316823005294/0001683168-23-005294-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/38264/000168316823005294/forward_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-005294
- JSON: https://secwatch.observer/filing/0001683168-23-005294.json
- Plain text: https://secwatch.observer/filing/0001683168-23-005294.txt

## Key facts
- Listing & Compliance Notices
  Forward Industries, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: minimum bid price
  - Rules: 5550(a)(2)
  source text: July 31, 2023, Forward Industries, Inc. (the “Company”) received a letter from the Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company of its noncompliance with Nasdaq Listing Rule 5550(a)(2) (the “Rule”) by failing to maintain a minimum bid price for its common stock of at least $1.00 per share for 30 consecutive business days. According to the letter, the Company has a 180-calendar day grace period to regain compliance with the Rule (the “Grace Period”), subject to a potential 180 calendar day extension, as described below. To regain compliance, the Company’s common stock must have a mi
  evidence_url: https://www.sec.gov/Archives/edgar/data/38264/000168316823005294/0001683168-23-005294-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.