Highest-materiality recent filing
Brera Holdings' counsel accused Forward of forming an undisclosed group with Viktor Fischer, RockawayX, and RBCH to influence SLMT control.
Forward Industries discloses rejected/ignored all-stock acquisition proposals for SKYA and HSDT
Proposed to acquire SkyAI (SKYA) at 0.367 FWDI shares per SKYA share (~20% premium to $1.29 close); SKYA did not respond by June 12.
Forward proposed all-stock acquisition of SLMT on June 1 at 1.54 FWDI/SLMT share (~$7.19), a 30.7% premium to 10-day VWAP.
Forward Industries awards equity to CFO Mark Brazier: 275K options, 275K RSUs, 275K PSUs
275,000 non-qualified stock options: 137,500 at $9.18, 137,500 at $13.77, 10-year term.
Mark Brazier appointed CFO effective April 13, 2026, replacing Kathleen Weisberg.
Forward Industries repurchases 6.16M shares for $27.4M, cuts SG&A 45%, borrows $40M at 3.4%
Repurchased 6,164,324 shares for ~$27.4M from an institutional investor; shares outstanding reduced to 76,977,809.
Board grants 100,000 five-year stock options each to directors Sangita Shah, Keith Johnson, and Michael Pruitt at $5.02/share.
Reincorporation from New York to Texas approved by shareholders; effective March 5, 2026, with no business or operational changes.
Forward Industries FY2025 net loss $167M on $160M non-cash SOL impairment
Net revenue $18.2M (-9% YoY); operating expenses $13.6M (vs $7.3M prior year).
Forward Industries appoints Ryan Navi as Chief Investment Officer
Ryan Navi appointed Chief Investment Officer effective December 1, 2025.
Forward Industries files resale prospectus for shares from Sept 2025 private placement
Registers for resale shares previously issued in September 2025 private placement.
Forward Industries files resale prospectus supplement for shares from Sept 2025 placement
Filed prospectus supplement on Nov 10, 2025 under Rule 424(b)(5) to register common stock for resale.
Board authorized repurchase of up to $1 billion of common stock through September 30, 2027.
Employment agreement with interim CEO Michael Pruitt effective Sept 10, 2025, term 6 months, monthly salary $30,000.
Dr. Sharon Hrynkow resigns from Forward Industries board; company releases lockup
On Oct 16, 2025, Dr. Hrynkow resigned from the Board and all committees (Audit, Compensation, Nominating, Science & Tech).
Forward Industries obtains waiver to extend resale registration filing deadline
Waiver obtained from holders of at least 50.1% of Registrable Securities under Registration Rights Agreement dated Sept 6, 2025.
Forward Industries enters $4B at-the-market equity sales agreement with Cantor Fitzgerald
Agreement dated Sept 16, 2025 allows Forward Industries to sell up to $4B of common stock via Cantor.
Forward Industries recasts FY2024 and Q1 FY2025 financials to reflect OEM as discontinued ops
Recast financials remove OEM segment results; only design segment remains as reportable segment.
Forward Industries spends $1.58B to acquire 6.8M Solana tokens at $232 avg price
Initial SOL purchases total 6,822,000 tokens at an average of $232 per SOL.
Forward Industries closes $33M registered direct offering of 1.78M shares at $18.50
Sold and issued 1,783,783 shares to two accredited investors at $18.50 each.
Forward Industries closes $1.65B private placement; appoints new chairman from Multicoin Capital
Gross proceeds of ~$1.65B from PIPE led by Galaxy Digital, Jump Crypto, and Multicoin Capital.
Forward Industries shareholders approve 7.5x increase in authorized common shares to 300M
Authorized common shares increased from 40M to 300M at Sep 4 special meeting; passed with 1,256,216 votes for.
Forward Industries to raise ~$1.65B via private placement; plans to buy Solana tokens
Private placement of 89,189,189 shares at $18.50/share; gross proceeds ~$1.65B; closing on Sept 10, 2025.
Forward Industries shareholders reject reincorporation to Nevada; appoints new Kablooe CEO
Shareholders defeated Proposal 3 (reincorporation from NY to NV) with 427,661 for, 96,862 against; proposals 2,4,5,6,7 approved.
Forward Industries raises ~$2.23M in registered direct offering of 263,243 shares at $8.50/share
Sold 263,243 shares at $8.50 per share to six investors; gross proceeds ~$2.23 million.
Forward Industries closes registered direct offering of 263,243 shares
Closed sale of 263,243 shares of common stock to six investors on August 11, 2025.
Forward Industries sells 156,475 shares for $1.39M under existing SPA
Gross proceeds of $1,394,713 from sale of 156,475 common shares between July 16-24, 2025.
Forward Industries reduces shareholder quorum threshold from majority to 33.3%
Board approved lowering the quorum for shareholder meetings from a majority to 33.3% of outstanding voting shares.
Forward Industries sets CEO interim salary, CFO raise, and director compensation
Interim CEO Michael Pruitt receives annual base salary of $200,000 effective May 16, 2025.
Forward Industries issues $1M Series B Preferred stock, convertible at $4.50
Raised $1M via issuance of 1M shares of Series B Preferred to C/M Capital Master Fund and WVP-Emerging Manager.
Forward Industries sells Swiss unit to CEO's company, CEO resigns; secures $35M equity line
Sold Forward Switzerland and related assets to entity owned by then-CEO Terence Wise to satisfy $4.1M in payables.
Forward Industries extends related-party supply agreement to May 9; subsidiary president resigns
Extended Buying Agency and Supply Agreement with FC (owned by CEO/Chairman) from May 2 to May 9, 2025.
Forward Industries CEO resigns; asset sale of OEM business still pending
CEO Terence Wise notified resignation from CEO and board; effective shortly after closing of asset sale.
Forward Industries regains Nasdaq compliance; delisting hearing cancelled
Nasdaq confirmed compliance with minimum $2.5M stockholders' equity rule on April 1, 2025.
Forward Industries converts $2.5M debt to preferred stock to regain Nasdaq equity compliance
On March 20, 2025, converted $2.5M payables from CEO-owned entity into 2,500 shares of Series A-1 Convertible Preferred Stock to boost stockholders' equity.
Board dismissed CohnReznick LLP as auditor effective March 28, 2025; no disagreements or reportable events.
CEO entity converts $2.5M payables to preferred to aid Nasdaq compliance; OEM business at risk
FC, owned by CEO Terence Wise, converted $2.5M accounts payable into 2,500 shares of Series A-1 Convertible Preferred Stock at $1,000/share.
Forward Industries increases authorized Series A-1 Preferred shares from 2,700 to 6,700
Board approved Certificate of Amendment on March 11, 2025 to increase authorized Series A-1 Preferred from 2,700 to 6,700 shares.
Nasdaq determined to delist Forward Industries due to stockholders' equity of $2.28M, below $2.5M minimum.
Forward Industries converts $225K payables to Preferred Stock with insider entity
FC, owned by CEO/Chairman, converts $225K accounts payable into 225 Series A-1 Convertible Preferred shares at $1,000/share.
Forward Industries appoints Michael Pruitt as director effective Feb 1, 2025
Michael Pruitt appointed to Board of Directors, effective February 1, 2025.
Largest customer discontinues patch pump program, cutting ~25% of Forward Industries' revenue
Customer terminated all services related to patch pump program; revenue from this customer was 25.2% of FY2024 consolidated revenue.
Forward Industries appoints Robert Wild CEO of IPS subsidiary; Severino moves to part-time
Robert Wild appointed CEO of subsidiary Intelligent Product Solutions (IPS) effective January 1, 2025.
Monthly service fee reduced from $65,833 to $35,000 through April 30, 2025.
Forward Industries extends related-party debt maturity; cuts subsidiary CEO salary
Extended maturity of $1.6M promissory note (reduced to $600K after $1M payments) to June 30, 2025.
Forward Industries CEO Terence Wise takes 25% salary cut for fiscal 2025
CEO base salary reduced from $337,000 to $252,750, effective October 1, 2024.
Forward converts $500K payables owed to CEO's firm into Series A-1 preferred stock
Converted $500,000 of accounts payable into 500 shares of Series A-1 Convertible Preferred at $1,000/share.
Forward Industries sets FY2025 director compensation: $30k cash + $40k options
Non-employee directors receive $30,000 annual cash, payable quarterly in advance.
Forward Industries regains Nasdaq compliance; subject to panel monitor through July 2025
Received Nasdaq Compliance Notice on July 24, 2024, confirming regained compliance with Minimum Bid Price Rule ($1.00) and Stockholders' Equity Rule ($2.5M).
Forward Industries converts $1.7M payables to Series A-1 Preferred, aims to regain Nasdaq compliance
Converted $1,700,000 of payables owed to related party (CEO-owned) into 1,700 shares of Series A-1 Convertible Preferred Stock at $1,000 stated value.
On May 16, 2025, the Company appointed Michael Pruitt as interim Chief Executive Officer, effective immediately.
Effective May 16, 2025, the Board appointed Keith Johnson as a director of the Company.
Pursuant to the Separation Agreement, Mr. Wise resigned from all of his positions with the Company, including his positions as Chief Executive Officer, Chairman of the Board, and director.
Additionally, on May 16, 2025, Sangita Shah was appointed as Chairperson of the Board, effective immediately.
In connection with his appointment as interim Chief Executive Officer, Mr. Pruitt resigned from the Company’s Board.
On May 7, 2025, Mr. Paul Severino notified the Company of his resignation from his position as the President of the Company’s wholly-owned subsidiary, Intelligent Product Solutions, Inc., effective May 30, 2025.
Mr. Terence Wise notified the Company of his intention to resign from his position as the Company’s Chief Executive Officer and as a member of the Company’s Board of Directors.
On January 28, 2025, the Board of Directors of Forward Industries, Inc. (the “Company”) appointed Michael Pruitt as a director of the Company, as well as a member of the Audit and Risk Committee and Nominating Committee, effective February 1, 2025.
the Board of Directors (the “Board”) of Forward Industries, Inc. (the “Company”) appointed Kathleen Weisberg as the Company’s Chief Financial Officer, Treasurer and Secretary, replacing Anthony Camarda in each such role, effective July 1, 2023.
the Board of Directors (the “Board”) of Forward Industries, Inc. (the “Company”) appointed Kathleen Weisberg as the Company’s Chief Financial Officer, Treasurer and Secretary, replacing Anthony Camarda in each such role, effective July 1, 2023.
the Board appointed Kathleen Weisberg as the Company’s Chief Financial Officer, Treasurer and Secretary, replacing Mr. Anthony Camarda in each such role, effective July 1, 2023.
the Board appointed Kathleen Weisberg as the Company’s Chief Financial Officer, Treasurer and Secretary, replacing Mr. Anthony Camarda in each such role, effective July 1, 2023.
Max materiality 1.00 · Median 0.55 · Most common event other_material