{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-25-003989","form_type":"8-K","ticker":"FWDI","cik":"0000038264","company_name":"Forward Industries, Inc.","filed_at":"2025-05-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.966502+00:00","generated_at":"2026-05-20T16:03:42.077436+00:00","sec_items":["1.01","3.02","5.03"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Forward Industries issues $1M Series B Preferred stock, convertible at $4.50","bullets":["Raised $1M via issuance of 1M shares of Series B Preferred to C/M Capital Master Fund and WVP-Emerging Manager.","Series B Preferred carries 10% annual dividend payable quarterly; convertible into common at $4.50 per share.","Investors also received warrants to purchase 111,111 shares of common at $6.50 per share.","Proceeds will be used for working capital and general corporate purposes.","Registration rights agreement requires filing of resale registration statement within 90 days."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-25-003989","json":"https://secwatch.observer/filing/0001683168-25-003989.json","markdown":"https://secwatch.observer/filing/0001683168-25-003989.md","text":"https://secwatch.observer/filing/0001683168-25-003989.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/38264/000168316825003989/0001683168-25-003989-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/38264/000168316825003989/forward_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-20T16:03:42.077436+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":[{"claim_id":"c337633de504d9994516c787dc84a7689fb7e74a","claim":"Forward Industries, Inc.: Designated 1,000,000 shares of Series B Preferred Stock via Certificate of Amendment (effective 2025-05-21).","evidence_excerpt":"On May 21, 2025, the Company filed a Certificate of Amendment to the Certificate of Incorporation (“Certificate of Designation”) designating 1,000,000 shares of Series B.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/38264/000168316825003989/0001683168-25-003989-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2025-05-21"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}