{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-25-001830","form_type":"8-K","ticker":"FWDI","cik":"0000038264","company_name":"Forward Industries, Inc.","filed_at":"2025-03-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.002545+00:00","generated_at":"2026-05-24T07:08:05.018877+00:00","sec_items":["1.01","3.02","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"CEO entity converts $2.5M payables to preferred to aid Nasdaq compliance; OEM business at risk","bullets":["FC, owned by CEO Terence Wise, converted $2.5M accounts payable into 2,500 shares of Series A-1 Convertible Preferred Stock at $1,000/share.","Conversion intended to strengthen shareholders' equity to help meet Nasdaq continued listing requirements; no assurance of adequacy.","FC will not renew the Buying Agency and Supply Agreement; company may discontinue OEM distribution business if no extension.","Company and FC agreed to preliminary terms for FC to purchase OEM business assets or securities; no definitive agreement yet.","Issuance exempt from registration under Section 4(a)(2) and Rule 506(b); FC is an accredited investor."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-25-001830","json":"https://secwatch.observer/filing/0001683168-25-001830.json","markdown":"https://secwatch.observer/filing/0001683168-25-001830.md","text":"https://secwatch.observer/filing/0001683168-25-001830.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/38264/000168316825001830/0001683168-25-001830-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/38264/000168316825001830/forward_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T07:08:05.018877+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"}