secwatch.observer — SEC 8-K summary
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Issuer:     Forward Industries, Inc. (FWDI)
CIK:        0000038264
Form:       8-K
Filed at:   2025-05-23T23:59:59+00:00
Accession:  0001683168-25-003989
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02, 5.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/38264/000168316825003989/0001683168-25-003989-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/38264/000168316825003989/forward_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-003989

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer