SCHEDULE: C/M Capital Discloses 9.3% Stake in Forward Industries
Beneficial Ownership Disclosure
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.
Summary
- C/M Capital Master Fund, LP, C/M Capital Partners, LP, Thomas Walsh, and Jonathan Juchno collectively reported beneficial ownership of 114,975 shares of Forward Industries, Inc. common stock.
- This ownership represents 9.3% of the total outstanding common stock of Forward Industries, Inc.
- The calculation of the percentage is based on an aggregate of 1,242,473 shares of Common Stock outstanding, which includes 1,125,998 shares outstanding as of June 23, 2025, and an additional 116,475 shares issued to C/M Master Fund on July 24, 2025.
- The shares are held by C/M Capital Master Fund, LP, with C/M Capital Partners, LP acting as its investment manager.
- Thomas Walsh and Jonathan Juchno are managing members of the general partner of C/M Capital Partners, LP, and disclaim beneficial ownership of the shares held by C/M Master Fund.
- The reporting persons state that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: The filing is a neutral, factual disclosure of beneficial ownership. It does not contain positive or negative operational or financial news, nor does it indicate an activist stake.
Future Outlook
NA
Industry Context
This filing represents a significant passive investment by C/M Capital in Forward Industries, Inc., indicating a belief in the company's long-term value without an intent to influence management or control. Such disclosures are common for investment funds accumulating stakes in publicly traded companies.
Stakeholder Impact
- Shareholders: The disclosure of a new significant shareholder holding 9.3% of the common stock could be viewed positively as a vote of confidence, especially given the stated passive nature of the investment.
Key Dates
| Date | Description |
|---|---|
| 2025-06-23 | Date as of which 1,125,998 shares of Common Stock were reported outstanding in the Issuer's Prospectus. |
| 2025-06-24 | Date the Issuer's Prospectus was filed pursuant to Rule 424(b)(3) with the SEC. |
| 2025-07-24 | Date of event which required the filing of this statement; 116,475 shares of Common Stock were issued to C/M Master Fund pursuant to the Prospectus. |
| 2025-07-28 | Date the Joint Filing Agreement and Schedule 13G were signed. |
Keywords
Forward Industries, C/M Capital Master Fund, C/M Capital Partners, Beneficial Ownership, Schedule 13G, Common Stock, Investment Management, Shareholding Disclosure
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