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 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.
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.
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).
Board authorized repurchase of up to $1 billion of common stock through September 30, 2027.
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 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 $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 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 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 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.
Nasdaq determined to delist Forward Industries due to stockholders' equity of $2.28M, below $2.5M minimum.
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 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