Forward Industries, INC
Market Movers (8-K)
Forward Industries, Inc. has formally denied allegations from Brera Holdings PLC that it formed an undisclosed group with other entities to influence Brera Holdings PLC, stating the claims are meritless.
Forward Industries has made a non-binding proposal to acquire Brera Holdings PLC in an all-stock transaction, which was rejected by Brera's board.
Forward Industries, Inc. announced equity compensation grants for its newly appointed Chief Financial Officer, Mark Brazier.
Forward Industries, Inc. announced the appointment of Mark Brazier as Chief Financial Officer, effective April 13, 2026, bringing extensive experience in digital and traditional finance.
Forward Industries repurchases over 6 million shares, secures $40M digital currency loan, and implements a cost reduction plan to enhance shareholder value.
Capital raise
Better than expected
Forward Industries, Inc. announced stock option grants to its directors and an extension of Interim CEO Michael Pruitt's employment agreement.
Quarterly Earnings (10-Q)
Forward Industries, Inc. announced the appointment of Mark Brazier as Chief Financial Officer and reported significant revenue growth driven by its digital asset strategy, alongside substantial digital asset impairments.
Worse than expected
Capital raise
Forward Industries, Inc. reported a net loss of $585.6 million for Q1 2026, primarily driven by a significant decline in the market value of its digital asset holdings, despite a substantial increase in revenue from its new Solana-focused treasury strategy.
Worse than expected
Capital raise
Forward Industries reported a significant decline in revenue and increased losses for the quarter, prompting substantial doubt about its ability to continue as a going concern, despite recent capital raises.
Worse than expected
Capital raise
Forward Industries reports a net loss for Q2 2025, driven by decreased revenue and a strategic shift involving the discontinuation of the OEM distribution segment.
Capital raise
Worse than expected
Forward Industries' Q1 2025 results reveal a net loss of $708,000, influenced by the loss of a major customer and a related goodwill impairment.
Worse than expected
Capital raise
10-Q: Forward Industries Reports Q3 2024 Results, Navigates Strategic Shift and Financial Challenges
Forward Industries reports a net loss for Q3 2024, impacted by the discontinuation of its retail segment and declining revenues in both OEM distribution and design segments.
Worse than expected
Capital raise
Annual Reports (10-K)
Forward Industries, Inc. has pivoted its treasury strategy to primarily hold Solana (SOL) digital assets, reporting a significant net loss of $167 million for fiscal year 2025, largely due to a decline in SOL's fair value.
Worse than expected
Capital raise
Delay expected
Forward Industries has filed an amendment to its annual report on Form 10-K to include information required in Part III, which was not included in the original filing.
Worse than expected
10-K: Forward Industries Reports Fiscal Year 2024 Results Amidst Strategic Shift and Financial Challenges
Forward Industries reports a net loss for fiscal year 2024, impacted by declining OEM distribution revenue and a strategic shift away from its retail segment.
Worse than expected
Capital raise
Insider Trading (Form 4)
Michael Pruitt, CEO and Director of Forward Industries, Inc., has acquired 500 shares of common stock through his IRA.
Forward Industries, Inc. director Pyahm Samani reports acquisition of over 3.1 million shares and 4.4 million warrants following a distribution from an investment fund.
Chief Financial Officer Mark Brazier was granted 275,000 restricted stock units and 275,000 stock options under the company's 2021 Equity Incentive Plan.
Multicoin Capital Management, LLC, along with its affiliates, has reported a significant transaction involving the repurchase of over 6 million shares of Forward Industries, Inc. common stock.
Forward Industries, Inc. CEO Michael D. Pruitt was granted 100,000 stock options with an exercise price of $5.02, vesting quarterly over one year.
Forward Industries, Inc. Director Keith J Johnson was granted 150,000 stock options with an exercise price of $5.02, vesting quarterly over one year.
Proxy Statements (Def-14A)
Forward Industries, Inc. seeks shareholder approval for a strategic reincorporation to Texas, an expanded equity incentive plan, and director elections at its upcoming 2026 Annual Meeting.
Capital raise
Forward Industries, Inc. calls a Special Meeting to vote on increasing authorized common stock and approving a significant preferred stock conversion to enhance capital structure and flexibility.
Capital raise
Forward Industries, Inc. reminds shareholders to vote on key proposals, including a reincorporation to Nevada, ahead of its August 8, 2025 Annual Shareholders Meeting.
Better than expected
Forward Industries, Inc. is calling for its 2025 Annual Meeting to approve critical proposals including reincorporating to Nevada, authorizing substantial new equity issuances via an Equity Line of Credit and Series B Preferred Stock, and expanding its equity incentive plan, following a 'going concern' qualification in its latest audit report.
Worse than expected
Capital raise
DEF 14A: Forward Industries Seeks Shareholder Approval for Reverse Stock Split to Regain Nasdaq Compliance
Forward Industries is asking shareholders to approve a reverse stock split to meet Nasdaq's minimum bid price requirement and maintain its listing.
Worse than expected
New Public Companies (S-1)
S-1/A: Forward Industries Files Amendment for $35 Million Equity Line of Credit Amid Going Concern Warning
Forward Industries, Inc. has filed an amendment to its S-1 registration statement to register shares for resale under a new $35 million equity line of credit agreement with C/M Capital Master Fund, LP, as the company faces a 'going concern' audit opinion.
Delay expected
Capital raise
Forward Industries, Inc. has filed an S-1 registration statement to facilitate the potential resale of up to 273,000 shares of common stock by C/M Capital Master Fund, LP, establishing an equity line of credit that could provide up to $35 million in gross proceeds for working capital and general corporate purposes, while acknowledging a substantial doubt about its ability to continue as a going concern.
Capital raise
Worse than expected
Schedule 13D - Activist Investments
Multicoin Capital Management and associated entities have filed an exit report, confirming they no longer hold a beneficial interest in Forward Industries, Inc.
Multicoin Capital Master Fund LP has repurchased 6.16 million shares of Forward Industries' common stock, reducing its stake to 7.0% and removing a former manager.
An amendment to Schedule 13D reveals Saurabh Sharma, CIO of Jump Crypto, has been elected as a director to Forward Industries, Inc.'s board.
Galaxy Digital LP and its affiliates have acquired a 9.99% beneficial ownership stake in Forward Industries, Inc. through a $150 million private placement and will serve as a strategic advisor.
Capital raise
Affiliates of Jump Trading Group, including J Digital 6 Cayman Ltd., have acquired a 9.3% beneficial ownership stake in Forward Industries, Inc. through a $114 million private placement.
Capital raise
Multicoin Capital Management and affiliates acquired a significant stake in Forward Industries, with Pyahm Samani appointed Chairman of the Board.
Capital raise
Schedule 13G - Passive Investments
C/M Capital Master Fund, C/M Capital Partners, Thomas Walsh, and Jonathan Juchno have filed an amended Schedule 13G, disclosing passive beneficial ownership in Forward Industries, Inc.
C/M Capital Master Fund, LP and related entities have disclosed a 9.3% beneficial ownership stake in Forward Industries, Inc., totaling 114,975 shares of common stock.
Capital raise