{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-25-000992","form_type":"8-K","ticker":"FWDI","cik":"0000038264","company_name":"Forward Industries, Inc.","filed_at":"2025-02-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.001931+00:00","generated_at":"2026-05-26T22:28:15.715354+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"medium","headline":"Forward Industries converts $225K payables to Preferred Stock with insider entity","bullets":["FC, owned by CEO/Chairman, converts $225K accounts payable into 225 Series A-1 Convertible Preferred shares at $1,000/share.","Conversion reduces cash liability but adds preferred equity with conversion rights; terms identical to prior such agreements.","Shares issued as restricted securities under Section 4(a)(2) and Rule 506(b); no public offering.","Transaction involves related party Forward Industries (Asia-Pacific) solely owned by CEO Terence Wise.","This is the latest in a series of similar conversions; no explicit financial impact guidance provided."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-25-000992","json":"https://secwatch.observer/filing/0001683168-25-000992.json","markdown":"https://secwatch.observer/filing/0001683168-25-000992.md","text":"https://secwatch.observer/filing/0001683168-25-000992.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/38264/000168316825000992/0001683168-25-000992-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/38264/000168316825000992/forward_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T22:28:15.715354+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}