secwatch.observer — SEC 8-K summary
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Issuer:     Forward Industries, Inc. (FWDI)
CIK:        0000038264
Form:       8-K
Filed at:   2025-02-27T23:59:59+00:00
Accession:  0001683168-25-001267
Event type: regulatory
Sentiment:  negative
Materiality: 0.90
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Forward Industries receives Nasdaq delisting determination for equity deficiency; trading suspension set for March 4
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/38264/000168316825001267/0001683168-25-001267-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/38264/000168316825001267/forward_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-001267

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