---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-25-006734"
form_type: "8-K"
ticker: "FWDI"
cik: "0000038264"
company_name: "Forward Industries, Inc."
filed_at: "2025-09-08T23:59:59+00:00"
generated_at: "2026-05-17T07:47:21.996468+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Forward Industries to raise ~$1.65B via private placement; plans to buy Solana tokens

## Summary
- Private placement of 89,189,189 shares at $18.50/share; gross proceeds ~$1.65B; closing on Sept 10, 2025.
- Proceeds to acquire Solana tokens, fund digital asset treasury, and working capital.
- Cantor and Galaxy Digital serve as placement agents; fees: 5% on first $1B, 3.75% on excess.
- Galaxy receives 2% advisor shares + 5% warrants; Jump Crypto & Multicoin get 4% lead investor shares + 10% warrants.
- C/M converts Series B Preferred; gets right to buy up to $33M in common stock via registered direct offering.

## SEC filing metadata
- accession: 0001683168-25-006734
- form_type: 8-K
- ticker: FWDI
- cik: 0000038264
- company_name: Forward Industries, Inc.
- filed_at: 2025-09-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/38264/000168316825006734/0001683168-25-006734-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/38264/000168316825006734/forward_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-25-006734
- JSON: https://secwatch.observer/filing/0001683168-25-006734.json
- Plain text: https://secwatch.observer/filing/0001683168-25-006734.txt

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