{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-24-006943","form_type":"8-K","ticker":"FWDI","cik":"0000038264","company_name":"Forward Industries, Inc.","filed_at":"2024-10-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.739287+00:00","generated_at":"2026-05-30T20:50:35.947350+00:00","sec_items":["1.01","3.02","5.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Forward converts $500K payables owed to CEO's firm into Series A-1 preferred stock","bullets":["Converted $500,000 of accounts payable into 500 shares of Series A-1 Convertible Preferred at $1,000/share.","Conversion executed with Forward Industries (Asia-Pacific) Corp., wholly owned by CEO/Chairman Terence Wise.","Authorized Series A-1 shares increased from 1,700 to 2,700 via Certificate of Amendment filed Sept 30, 2024.","Shares issued in unregistered transaction exempt under Section 4(a)(2) and Rule 506(b)."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-24-006943","json":"https://secwatch.observer/filing/0001683168-24-006943.json","markdown":"https://secwatch.observer/filing/0001683168-24-006943.md","text":"https://secwatch.observer/filing/0001683168-24-006943.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/38264/000168316824006943/0001683168-24-006943-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/38264/000168316824006943/forward_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T20:50:35.947350+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a20c4112509b5bd1c9ec5e04c0d005e54e1b7043","claim":"Forward Industries, Inc.: Increased authorized shares of Series A-1 Convertible Preferred Stock from 1,700 to 2,700 shares (effective 2024-09-30).","evidence_excerpt":"Effective September 30, 2024, the Company filed a Certificate of Amendment of the Certificate of Incorporation (the “Amendment”) increasing the number of authorized shares of Series A-1 from 1,700 shares to 2,700 shares.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/38264/000168316824006943/0001683168-24-006943-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2024-09-30"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}