---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-24-000680"
form_type: "8-K"
ticker: "FWDI"
cik: "0000038264"
company_name: "Forward Industries, Inc."
filed_at: "2024-02-05T23:59:59+00:00"
generated_at: "2026-06-06T09:27:21.052719+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Forward Industries receives Nasdaq delisting notice for bid price noncompliance; will request hearing

## Summary
- Received delisting notice on Jan 30, 2024 for failing to regain compliance with minimum bid price of $1.00 by Jan 29, 2024.
- Company not eligible for second 180-day period due to noncompliance with minimum stockholders' equity initial listing requirement.
- Will request a hearing before Nasdaq Hearings Panel; hearing request automatically stays suspension or delisting.
- Panel may grant extension until July 29, 2024; no assurance of continued listing on Nasdaq.

## SEC filing metadata
- accession: 0001683168-24-000680
- form_type: 8-K
- ticker: FWDI
- cik: 0000038264
- company_name: Forward Industries, Inc.
- filed_at: 2024-02-05T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/38264/000168316824000680/0001683168-24-000680-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/38264/000168316824000680/forward_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-000680
- JSON: https://secwatch.observer/filing/0001683168-24-000680.json
- Plain text: https://secwatch.observer/filing/0001683168-24-000680.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: January 30, 2024, the Company received notification that it had failed to regain compliance with the Rule and is not eligible for a second 180-day period because of its failure to comply with the minimum stockholders’ equity initial listing requirement. Unless the Company timely requests a hearing before an independent Nasdaq Hearings Panel (the “Panel”), the Company’s securities would be subject to delisting. Accordingly, the Company will request a hearing before the Panel. The hearing request will automatically stay any suspension or delisting action pending the hearing and the expiration of
  evidence_url: https://www.sec.gov/Archives/edgar/data/38264/000168316824000680/0001683168-24-000680-index.htm

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