---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-25-002064"
form_type: "8-K"
ticker: "FWDI"
cik: "0000038264"
company_name: "Forward Industries, Inc."
filed_at: "2025-03-31T23:59:59+00:00"
generated_at: "2026-05-24T02:38:17.726843+00:00"
event_type: "regulatory"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001683168-25-002064
- form_type: 8-K
- ticker: FWDI
- cik: 0000038264
- company_name: Forward Industries, Inc.
- filed_at: 2025-03-31T23:59:59+00:00
- event_type: regulatory
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/38264/000168316825002064/0001683168-25-002064-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/38264/000168316825002064/forward_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-25-002064
- JSON: https://secwatch.observer/filing/0001683168-25-002064.json
- Plain text: https://secwatch.observer/filing/0001683168-25-002064.txt

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