---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-26-007389"
form_type: "8-K"
ticker: "FWDI"
cik: "0000038264"
company_name: "Forward Industries, Inc."
filed_at: "2026-09-24T20:05:14+00:00"
generated_at: "2026-09-24T20:07:36.910698+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Forward Industries closes $25M direct offering at $8.00/share; proceeds to buy Solana

## Summary
- Sold 3,125,000 common shares at $8.00 each; gross proceeds ~$25M before fees and expenses.
- Net proceeds primarily to acquire additional SOL, plus working capital and general corporate purposes.
- Placement agent A.G.P./Alliance Global Partners earns 5% cash fee; expense reimbursement up to $50,000.
- 15-day lockup on new equity issuances; variable rate transactions barred until 15 days after closing.
- Company aims to grow SOL per share; sees transaction as favorable without ongoing balance sheet obligations.

## SEC filing metadata
- accession: 0001683168-26-007389
- form_type: 8-K
- ticker: FWDI
- cik: 0000038264
- company_name: Forward Industries, Inc.
- filed_at: 2026-09-24T20:05:14+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/38264/000168316826007389/0001683168-26-007389-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/38264/000168316826007389/forward_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-26-007389
- JSON: https://secwatch.observer/filing/0001683168-26-007389.json
- Plain text: https://secwatch.observer/filing/0001683168-26-007389.txt

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