Forward Industries, Inc. (FWDI): Nasdaq/NYSE listing notice — Forward Industries receives Nasdaq delisting determination for equity deficiency; trading suspension set for March 4

Forward Industries, Inc.

Nasdaq determined to delist Forward Industries due to stockholders' equity of $2.28M, below $2.5M minimum.
Trading will be suspended at open on March 4, 2025, unless company appeals by Feb 28, 2025.
Company plans to appeal and request hearing before Nasdaq Hearings Panel; hearing request stays suspension.
Company is under Panel Monitor from prior listing matter, so no 180-day grace period available.
Forward Industries reported equity deficiency in its recent Form 10-Q for quarter ended Dec 31, 2024.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

Forward Industries, Inc. received a nasdaq delisting notice notice regarding stockholders equity (rules 5550(b)(1)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: stockholders equity
Rules: 5550(b)(1)

Exact text from the filing

February 21, 2025, Forward Industries, Inc. (the “Company”) received a letter from The Nasdaq Stock Market LLC (“Nasdaq”) stating that Nasdaq has determined to delist the Company’s securities from The Nasdaq Capital Market. The determination was based on the Company’s failure to comply with Nasdaq Listing Rule 5550(b)(1), which requires a minimum of $2.5 million stockholders’ equity for continued listing. The Company recently filed its Form 10-Q for the quarter ended December 31, 2024 disclosing a stockholders’ equity of $2,279,297. Nasdaq has indicated that trading in the Company’s securities

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Forward Industries, Inc. filing history →

Source: SEC EDGAR

accession 0001683168-25-001267

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