Welcome to our dedicated page for Forwardly news (Ticker: FORW), a resource for investors and traders seeking the latest updates and insights on Forwardly stock.
Forwardly, Inc. (FORW) is an OTC-traded company in the finance and insurance sector whose news flow centers on shareholder updates, investment activities, legal developments, and progress at its partially owned subsidiary and partner, Ligand Innovation Global, Inc. Investors following FORW news can review detailed company statements about its participation in medical device development and its exposure to blockchain-related assets and other ventures.
Many Forwardly news releases focus on the LifeAir G1 Emergency Portable Ventilator, also known as the VitaCaeli Portable Ventilator, which is being developed by Ligand Innovation Global. Updates have covered milestones such as prototype completion, external testing arrangements, patent cooperation treaty designations, regulatory submissions to the United States Food and Drug Administration, and efforts to pursue approvals in jurisdictions such as Nigeria and Ghana. Forwardly’s news also highlights its own role in financing aspects of this project and its commentary on the speculative nature of potential regulatory outcomes and orders.
Other FORW news items describe capital allocation decisions, including the purchase of BLOCKS tokens from Blocks DAO, LLC, warrant exercises and financing related to HUMBL, Inc., and a warrant arrangement with Worldwide NFT, Inc. News releases also document legal actions involving loans to Maverick Energy Group, Inc. and disputes over stock issuances, as well as updates on the resolution or status of those matters.
Because Forwardly often communicates directly with shareholders through formal news releases, the FORW news page provides a centralized view of how the company presents its strategy, partnerships, regulatory interactions, and risk disclosures over time. Readers can use this page to monitor new announcements and review the history of previously reported developments.
Forwardly, Inc. (OTCMKT: FORW) recently announced a significant breakthrough in its partnership with Ligand Innovation Global regarding the LifeAir G1 portable ventilator. Dr. Dayo Olakulehin, CEO of Ligand, confirmed that the engineering team has achieved an innovative airway circuitry capable of delivering consistent tidal volumes despite lung resistance. The next steps include creating a 3D model and preparing for FDA submission by December 2021. Dr. Michael Soffer, a member of Forwardly’s Medical Board, expressed optimism about the device's potential impact, especially during urgent medical situations.
Forwardly, Inc. (OTCMKT: FORW) announced a strategic investment of $200,000 in Maverick Energy Group, Inc. (OTCMKT: MKGP) through a one-year fixed-rate convertible loan at an APR of 15%. The loan can be converted into Maverick shares at $.20/share, with an additional warrant option for two million shares at $.35/share within two years. CEO George Sharp emphasized the investment's low-risk profile and potential returns, leveraging Maverick's new drilling technology to enhance production in Texas and Oklahoma.
Forwardly has acquired a one-third interest in Ligand Innovation Global for $1 million, targeting the ongoing ventilator shortage due to respiratory diseases. Ligand IG is developing the LifeAire G1 Emergency Portable Ventilator, which aims to offer a cost-effective solution for hospitals and nursing homes. Additionally, Forwardly is set to amend its Regulation A+ offering, increasing the proposal from $25 million to $0.70 per share, with the amendment expected before the end of April.
Forwardly, Inc. (OTCMKT: FORW) has rescheduled its shareholder Zoom call to 5:00 p.m. EST on March 11, 2021. The call aims to discuss pending material events and the release of the annual financial report. Interested parties can register through the company's website. Management stated that the delay is for the shareholders' best interest.
Forwardly seeks to invest in new ideas and is led by George Sharp, who advocates against microcap fraud and promotes shareholder rights.
Forwardly, Inc. (OTCMKT: FORW) announced the successful raising of $1.5 million in equity funding, primarily through a fixed convertible debenture. The debenture, which was oversubscribed, aimed for $1 million but was extended to $1.45 million due to high demand. Mr. George Sharp, the CEO, also rescheduled a shareholder conference call to March 5, 2021, to discuss significant upcoming events and the company's annual financial report. Additionally, Forwardly owns 500 million warrants in Tesoro Enterprises, with a potential asset value of $830 million if exercised.