---
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"
generated_at: "2026-05-26T22:28:15.715354+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "medium"
source: SEC EDGAR
---

# Forward Industries converts $225K payables to Preferred Stock with insider entity

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: medium
- sec_items: 1.01, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-25-000992
- JSON: https://secwatch.observer/filing/0001683168-25-000992.json
- Plain text: https://secwatch.observer/filing/0001683168-25-000992.txt

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