---
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"
generated_at: "2026-05-20T16:03:42.077436+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Forward Industries issues $1M Series B Preferred stock, convertible at $4.50

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 3.02, 5.03
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-25-003989
- JSON: https://secwatch.observer/filing/0001683168-25-003989.json
- Plain text: https://secwatch.observer/filing/0001683168-25-003989.txt

## Key facts
- Governance Changes
  Forward Industries, Inc.: Designated 1,000,000 shares of Series B Preferred Stock via Certificate of Amendment (effective 2025-05-21).
  - Change: charter amendment
  - Effective: 2025-05-21
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/38264/000168316825003989/0001683168-25-003989-index.htm

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