Forward Industries converts $2.5M debt to preferred stock to regain Nasdaq equity compliance

Forward Industries, Inc.

On March 20, 2025, converted $2.5M payables from CEO-owned entity into 2,500 shares of Series A-1 Convertible Preferred Stock to boost stockholders' equity.
Nasdaq notified the company on Feb 21, 2025 of non-compliance with $2.5M stockholders' equity rule; hearing was requested.
Company believes equity now exceeds $2.5M but awaits Nasdaq formal confirmation; continued monitoring may follow.
Failure to maintain compliance in next periodic filing could lead to delisting from Nasdaq.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.