[8-K] Forward Industries Inc-N Y Reports Material Event
Forward Industries, Inc. agreed to sell 263,243 shares of its common stock in a registered direct offering at a price of $8.50 per share, generating aggregate gross proceeds expected to be approximately $2,230,000. The company will issue the shares under an effective shelf registration and expects to close the offering subject to customary closing conditions. No underwriter or placement agent participated in the transaction.
This filing discloses the material terms of the Subscription Agreements and references a form of Subscription Agreement filed as an exhibit; a prospectus supplement related to the offering will be filed with the SEC.
Forward Industries, Inc. ha concordato la vendita di 263,243 azioni del proprio capitale sociale in un'offerta diretta registrata al prezzo di $8,50 per azione, generando proventi lordi complessivi attesi di circa $2,230,000. La società emetterà le azioni nell'ambito di una shelf registration efficace e prevede di chiudere l'offerta soggetta alle consuete condizioni di chiusura. Nessun sottoscrittore né agente di collocamento ha partecipato alla transazione.
Questa comunicazione rende noti i termini essenziali dei Subscription Agreements e fa riferimento a un modello di Subscription Agreement depositato come allegato; un supplemento al prospetto relativo all'offerta sarà presentato alla SEC.
Forward Industries, Inc. acordó vender 263,243 acciones de sus acciones ordinarias en una colocación directa registrada a un precio de $8.50 por acción, generando unos ingresos brutos agregados que se esperan sean aproximadamente $2,230,000. La compañía emitirá las acciones bajo una shelf registration efectiva y espera concluir la oferta, sujeta a las condiciones de cierre habituales. Ningún suscriptor ni agente de colocación participó en la operación.
Esta presentación revela los términos materiales de los Subscription Agreements y remite a un modelo de Subscription Agreement presentado como anexo; se presentará un suplemento del prospecto relacionado con la oferta ante la SEC.
Forward Industries, Inc.는 등록된 직접 공모에서 보통주 263,243주를 주당 $8.50에 매각하기로 합의하여 총 약 $2,230,000의 총수익을 창출할 것으로 예상됩니다. 회사는 유효한 셸프 등록(shelf registration)에 따라 주식을 발행할 예정이며 통상적인 종결 조건을 전제로 공모를 마감할 계획입니다. 본 거래에는 인수인(언더라이터)이나 배치 에이전트가 참여하지 않았습니다.
본 제출서류는 구독계약(Subscription Agreements)의 주요 조건을 공개하고 첨부로 제출된 구독계약 양식을 참조합니다; 공모와 관련된 설명서 보충서(prospectus supplement)는 SEC에 제출될 예정입니다.
Forward Industries, Inc. a accepté de vendre 263,243 actions de son capital ordinaire dans le cadre d'une offre directe enregistrée au prix de $8.50 par action, générant un produit brut global attendu d'environ $2,230,000. La société émettra les actions en vertu d'un enregistrement « shelf » effectif et prévoit de clôturer l'offre sous réserve des conditions de clôture habituelles. Aucun souscripteur ni agent de placement n'a participé à la transaction.
Ce dépôt dévoile les termes essentiels des Subscription Agreements et renvoie à un modèle d'Subscription Agreement déposé en annexe ; un supplément de prospectus lié à l'offre sera déposé auprès de la SEC.
Forward Industries, Inc. hat zugestimmt, 263,243 Aktien seiner Stammaktien in einer registrierten Direktplatzierung zu einem Preis von $8.50 je Aktie zu veräußern und dadurch voraussichtlich Bruttoerlöse von etwa $2,230,000 zu erzielen. Das Unternehmen wird die Aktien im Rahmen einer wirksamen Shelf-Registration ausgeben und beabsichtigt, das Angebot vorbehaltlich der üblichen Abschlussbedingungen abzuschließen. Kein Underwriter oder Platzierungsagent war an der Transaktion beteiligt.
Diese Einreichung legt die maßgeblichen Bedingungen der Subscription Agreements offen und verweist auf ein als Anlage eingereichtes Muster-Subscription-Agreement; ein zum Angebot gehörender Prospektzusatz wird bei der SEC eingereicht.
- Raised approximately $2,230,000 in aggregate gross proceeds through the Offering as stated in the filing
- Offered under an effective shelf registration, providing a registered mechanism for the sale
- No underwriter or placement agent participated, which may reduce transaction fees
- Issuance of 263,243 shares will increase the company’s outstanding share count (dilution implied by share issuance)
- Prospectus supplement to the offering had not yet been filed at the time of this report (to be filed by August 12, 2025, per the filing)
Insights
TL;DR: Modest registered direct equity raise that provides near-term liquidity but increases outstanding shares.
The transaction sells 263,243 shares at $8.50 per share for approximately $2.23 million of gross proceeds. As a registered direct offering executed under an effective shelf registration with no underwriter, the company minimizes transaction fees but will increase share count. The size of the raise suggests working capital or general corporate purposes rather than a transformative financing; materiality depends on the company's balance sheet and cash needs, which are not disclosed in this document.
TL;DR: The company used a standard subscription agreement and shelf capacity to raise equity directly from investors.
The filing documents entry into Subscription Agreements with six investors and attaches the form of Subscription Agreement as Exhibit 10.1. The use of a registered direct offering under an effective shelf registration is a routine capital-markets mechanism. Governance considerations include disclosure quality and timely filing of the prospectus supplement; the agreement is subject to customary closing conditions.
Forward Industries, Inc. ha concordato la vendita di 263,243 azioni del proprio capitale sociale in un'offerta diretta registrata al prezzo di $8,50 per azione, generando proventi lordi complessivi attesi di circa $2,230,000. La società emetterà le azioni nell'ambito di una shelf registration efficace e prevede di chiudere l'offerta soggetta alle consuete condizioni di chiusura. Nessun sottoscrittore né agente di collocamento ha partecipato alla transazione.
Questa comunicazione rende noti i termini essenziali dei Subscription Agreements e fa riferimento a un modello di Subscription Agreement depositato come allegato; un supplemento al prospetto relativo all'offerta sarà presentato alla SEC.
Forward Industries, Inc. acordó vender 263,243 acciones de sus acciones ordinarias en una colocación directa registrada a un precio de $8.50 por acción, generando unos ingresos brutos agregados que se esperan sean aproximadamente $2,230,000. La compañía emitirá las acciones bajo una shelf registration efectiva y espera concluir la oferta, sujeta a las condiciones de cierre habituales. Ningún suscriptor ni agente de colocación participó en la operación.
Esta presentación revela los términos materiales de los Subscription Agreements y remite a un modelo de Subscription Agreement presentado como anexo; se presentará un suplemento del prospecto relacionado con la oferta ante la SEC.
Forward Industries, Inc.는 등록된 직접 공모에서 보통주 263,243주를 주당 $8.50에 매각하기로 합의하여 총 약 $2,230,000의 총수익을 창출할 것으로 예상됩니다. 회사는 유효한 셸프 등록(shelf registration)에 따라 주식을 발행할 예정이며 통상적인 종결 조건을 전제로 공모를 마감할 계획입니다. 본 거래에는 인수인(언더라이터)이나 배치 에이전트가 참여하지 않았습니다.
본 제출서류는 구독계약(Subscription Agreements)의 주요 조건을 공개하고 첨부로 제출된 구독계약 양식을 참조합니다; 공모와 관련된 설명서 보충서(prospectus supplement)는 SEC에 제출될 예정입니다.
Forward Industries, Inc. a accepté de vendre 263,243 actions de son capital ordinaire dans le cadre d'une offre directe enregistrée au prix de $8.50 par action, générant un produit brut global attendu d'environ $2,230,000. La société émettra les actions en vertu d'un enregistrement « shelf » effectif et prévoit de clôturer l'offre sous réserve des conditions de clôture habituelles. Aucun souscripteur ni agent de placement n'a participé à la transaction.
Ce dépôt dévoile les termes essentiels des Subscription Agreements et renvoie à un modèle d'Subscription Agreement déposé en annexe ; un supplément de prospectus lié à l'offre sera déposé auprès de la SEC.
Forward Industries, Inc. hat zugestimmt, 263,243 Aktien seiner Stammaktien in einer registrierten Direktplatzierung zu einem Preis von $8.50 je Aktie zu veräußern und dadurch voraussichtlich Bruttoerlöse von etwa $2,230,000 zu erzielen. Das Unternehmen wird die Aktien im Rahmen einer wirksamen Shelf-Registration ausgeben und beabsichtigt, das Angebot vorbehaltlich der üblichen Abschlussbedingungen abzuschließen. Kein Underwriter oder Platzierungsagent war an der Transaktion beteiligt.
Diese Einreichung legt die maßgeblichen Bedingungen der Subscription Agreements offen und verweist auf ein als Anlage eingereichtes Muster-Subscription-Agreement; ein zum Angebot gehörender Prospektzusatz wird bei der SEC eingereicht.
FAQ
What did Forward Industries (FORD) announce in this 8-K filing?
How much gross proceeds will FORD raise from the offering?
Was there an underwriter or placement agent for FORD's offering?
Under what registration was the offering made?
Has the prospectus supplement for the offering been filed?
