IPO - Forward Industries, Inc.

Form Type: S-1

Filing Date: 2025-06-10

Corporate Action: Ipo

Type: New

Accession Number: 000168316825004372

Filing Summary: Forward Industries, Inc. is filing an S-1 registration statement with the SEC for the resale of up to 273,000 shares of common stock by C/M Capital Master Fund, LP. These shares include 245,571 Purchase Shares and 27,429 Commitment Shares under a Purchase Agreement dated May 16, 2025, which allows the company to issue common stock to C/M Capital in exchange for up to $35 million. The selling stockholder will determine timing and manner of resale, potentially impacting stock price. Proceeds from sales will support working capital and corporate purposes. Risks include dilution of existing shares and potential stock price decline. The company has specific limits on share issuance and guidelines governing the Purchase Agreement. Common stock is listed under the symbol 'FORD' on Nasdaq, with a last reported price of $6.47 per share on June 9, 2025. No proceeds from the resale will go to Forward Industries directly.