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[8-K] Forward Industries Inc-N Y Reports Material Event

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8-K
Rhea-AI Filing Summary

Forward Industries, Inc. completed a registered direct offering on August 11, 2025, selling 263,243 shares of common stock to six investors. The company filed the legal opinion of Nason, Yeager, Gerson, Harris & Fumero, P.A. as Exhibit 5.1, which the report states relates to the validity of the shares issued under the companys Form S-3 registration statement and prospectus materials.

Subsequent to the closing, the company reported 1,664,949 shares of common stock outstanding. The current report is limited to the offering closing, the legal opinion exhibit and the post-offering share count; the filing does not disclose offering price or gross proceeds.

Forward Industries, Inc. ha completato un'offerta diretta registrata il 11 agosto 2025, vendendo 263,243 azioni ordinarie a sei investitori. La società ha depositato il parere legale di Nason, Yeager, Gerson, Harris & Fumero, P.A. come Allegato 5.1, che nel rapporto viene indicato essere relativo alla validità delle azioni emesse ai sensi della dichiarazione di registrazione Form S-3 della società e dei documenti del prospetto.

A seguito della chiusura, la società ha segnalato 1,664,949 azioni ordinarie in circolazione. Il presente rapporto è limitato alla chiusura dell'offerta, all'allegato contenente il parere legale e al conteggio delle azioni dopo l'offerta; il deposito non divulga il prezzo dell'offerta né i proventi lordi.

Forward Industries, Inc. completó una oferta directa registrada el 11 de agosto de 2025, vendiendo 263,243 acciones ordinarias a seis inversores. La compañía presentó el dictamen jurídico de Nason, Yeager, Gerson, Harris & Fumero, P.A. como Anexo 5.1, que el informe indica se refiere a la validez de las acciones emitidas en virtud del formulario de registro Form S-3 de la empresa y de los materiales del folleto.

Posterior al cierre, la empresa informó 1,664,949 acciones ordinarias en circulación. El presente informe se limita al cierre de la oferta, al anexo con el dictamen jurídico y al recuento de acciones posterior a la oferta; la presentación no divulga el precio de la oferta ni los ingresos brutos.

Forward Industries, Inc.은 2025년 8월 11일에 등록된 직접 공모를 완료하여 6명의 투자자에게 263,243주의 보통주를 매각했습니다. 회사는 Nason, Yeager, Gerson, Harris & Fumero, P.A.의 법적 의견서를 증빙서류 5.1로 제출했으며, 보고서는 해당 의견서가 회사의 Form S-3 등록서 및 투자설명서 자료에 따라 발행된 주식의 적법성에 관한 것이라고 명시하고 있습니다.

종결 후, 회사는 1,664,949주의 보통주가 발행주식수(유통주식)라고 보고했습니다. 본 보고서는 공모 종결, 법적 의견서 첨부 및 공모 이후 발행주식수에만 한정되며 제출서류에는 공모 가격이나 총수익이 공개되어 있지 않습니다.

Forward Industries, Inc. a réalisé une offre directe enregistrée le 11 août 2025, vendant 263,243 actions ordinaires à six investisseurs. La société a déposé l'avis juridique de Nason, Yeager, Gerson, Harris & Fumero, P.A. en tant que Annexe 5.1, que le rapport indique se rapporte à la validité des actions émises en vertu du formulaire d'enregistrement Form S-3 de la société et des documents du prospectus.

Suite à la clôture, la société a déclaré détenir 1,664,949 actions ordinaires en circulation. Le présent rapport se limite à la clôture de l'offre, à l'annexe contenant l'avis juridique et au décompte des actions après l'offre ; le dépôt ne divulgue pas le prix de l'offre ni le produit brut.

Forward Industries, Inc. hat am 11. August 2025 ein registriertes Direktangebot abgeschlossen und dabei 263,243 Stammaktien an sechs Investoren verkauft. Das Unternehmen hat die rechtliche Stellungnahme von Nason, Yeager, Gerson, Harris & Fumero, P.A. als Anlage 5.1 eingereicht; der Bericht gibt an, dass sich diese Stellungnahme auf die Gültigkeit der im Rahmen der Form S-3-Registrierung der Gesellschaft und der Prospektunterlagen ausgegebenen Aktien bezieht.

Nach Abschluss meldete das Unternehmen 1,664,949 ausstehende Stammaktien. Der vorliegende Bericht beschränkt sich auf den Abschluss des Angebots, die Anlage mit der Rechtsmeinung und die Aktienanzahl nach dem Angebot; die Einreichung nennt weder den Angebotspreis noch den Bruttoerlös.

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Insights

TL;DR: Completed a small registered direct offering; share count updated; filing attaches counsels legal opinion.

The company sold 263,243 shares to six investors, bringing reported outstanding shares to 1,664,949. This is a routine financing disclosure without financial details such as price per share or proceeds, so the immediate cash impact cannot be assessed from this filing alone. The issuance increases the share base, which could dilute per-share metrics, but materiality cannot be judged from the data provided.

TL;DR: Filing documents legal validation of issued shares and incorporates counsels consent as an exhibit.

The report files the opinion of Nason, Yeager, Gerson, Harris & Fumero, P.A. as Exhibit 5.1 and includes the counsels consent (Exhibit 23.1 included in 5.1), indicating the company is documenting legal sufficiency of the issuance. The disclosure is procedural and focuses on compliance and recordation rather than operational or financial detail.

Forward Industries, Inc. ha completato un'offerta diretta registrata il 11 agosto 2025, vendendo 263,243 azioni ordinarie a sei investitori. La società ha depositato il parere legale di Nason, Yeager, Gerson, Harris & Fumero, P.A. come Allegato 5.1, che nel rapporto viene indicato essere relativo alla validità delle azioni emesse ai sensi della dichiarazione di registrazione Form S-3 della società e dei documenti del prospetto.

A seguito della chiusura, la società ha segnalato 1,664,949 azioni ordinarie in circolazione. Il presente rapporto è limitato alla chiusura dell'offerta, all'allegato contenente il parere legale e al conteggio delle azioni dopo l'offerta; il deposito non divulga il prezzo dell'offerta né i proventi lordi.

Forward Industries, Inc. completó una oferta directa registrada el 11 de agosto de 2025, vendiendo 263,243 acciones ordinarias a seis inversores. La compañía presentó el dictamen jurídico de Nason, Yeager, Gerson, Harris & Fumero, P.A. como Anexo 5.1, que el informe indica se refiere a la validez de las acciones emitidas en virtud del formulario de registro Form S-3 de la empresa y de los materiales del folleto.

Posterior al cierre, la empresa informó 1,664,949 acciones ordinarias en circulación. El presente informe se limita al cierre de la oferta, al anexo con el dictamen jurídico y al recuento de acciones posterior a la oferta; la presentación no divulga el precio de la oferta ni los ingresos brutos.

Forward Industries, Inc.은 2025년 8월 11일에 등록된 직접 공모를 완료하여 6명의 투자자에게 263,243주의 보통주를 매각했습니다. 회사는 Nason, Yeager, Gerson, Harris & Fumero, P.A.의 법적 의견서를 증빙서류 5.1로 제출했으며, 보고서는 해당 의견서가 회사의 Form S-3 등록서 및 투자설명서 자료에 따라 발행된 주식의 적법성에 관한 것이라고 명시하고 있습니다.

종결 후, 회사는 1,664,949주의 보통주가 발행주식수(유통주식)라고 보고했습니다. 본 보고서는 공모 종결, 법적 의견서 첨부 및 공모 이후 발행주식수에만 한정되며 제출서류에는 공모 가격이나 총수익이 공개되어 있지 않습니다.

Forward Industries, Inc. a réalisé une offre directe enregistrée le 11 août 2025, vendant 263,243 actions ordinaires à six investisseurs. La société a déposé l'avis juridique de Nason, Yeager, Gerson, Harris & Fumero, P.A. en tant que Annexe 5.1, que le rapport indique se rapporte à la validité des actions émises en vertu du formulaire d'enregistrement Form S-3 de la société et des documents du prospectus.

Suite à la clôture, la société a déclaré détenir 1,664,949 actions ordinaires en circulation. Le présent rapport se limite à la clôture de l'offre, à l'annexe contenant l'avis juridique et au décompte des actions après l'offre ; le dépôt ne divulgue pas le prix de l'offre ni le produit brut.

Forward Industries, Inc. hat am 11. August 2025 ein registriertes Direktangebot abgeschlossen und dabei 263,243 Stammaktien an sechs Investoren verkauft. Das Unternehmen hat die rechtliche Stellungnahme von Nason, Yeager, Gerson, Harris & Fumero, P.A. als Anlage 5.1 eingereicht; der Bericht gibt an, dass sich diese Stellungnahme auf die Gültigkeit der im Rahmen der Form S-3-Registrierung der Gesellschaft und der Prospektunterlagen ausgegebenen Aktien bezieht.

Nach Abschluss meldete das Unternehmen 1,664,949 ausstehende Stammaktien. Der vorliegende Bericht beschränkt sich auf den Abschluss des Angebots, die Anlage mit der Rechtsmeinung und die Aktienanzahl nach dem Angebot; die Einreichung nennt weder den Angebotspreis noch den Bruttoerlös.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

______________

 

FORM 8-K

______________

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): August 11, 2025

 

Forward Industries, Inc.

(Exact name of registrant as specified in its charter)

 

New York   001-34780   13-1950672
(State or Other Jurisdiction   (Commission   (I.R.S. Employer
of Incorporation)   File Number)   Identification No.)

 

700 Veterans Memorial Hwy. Suite 100

Hauppauge, New York 11788

(Address of Principal Executive Office) (Zip Code)

 

(631) 547-3055

(Registrant’s telephone number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Stock, par value $0.01 per share FORD The NASDAQ Capital Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ 

 

   

 

 

Item 8.01. Other Events.

 

On August 11, 2025, Forward Industries, Inc. (the “Company”) closed the sale of 263,243 shares of its common stock to six investors in a previously announced registered direct offering (the “Offering”).

 

The Company is filing this Current Report on Form 8-K to file as an exhibit the legal opinion of Nason, Yeager, Gerson, Harris & Fumero, P.A. relating to the validity of the shares of the common stock issued in the Offering under the Company’s Registration Statement on Form S-3 (File No. 333-287907), the related prospectus dated June 20, 2025 and prospectus supplement dated August 11, 2025. Subsequent to the closing of the Offering, the Company had 1,664,949 shares of common stock outstanding.

 

The legal opinion is filed herewith as Exhibit 5.1 to this report and is incorporated by reference into the Registration Statement.

 

Item 9.01. Financial Statements and Exhibits.

 

Exhibit
Number
  Description
5.1   Opinion of Nason, Yeager, Gerson, Harris & Fumero, P.A.
23.1   Consent of Nason, Yeager, Gerson, Harris & Fumero, P.A. (included in Exhibit 5.1).
104   Cover page interactive data file (embedded within the iXBRL document)

 

 

 

 

 

 

 

 2 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  FORWARD INDUSTRIES, INC.  
       
Date: August 11, 2025 By: /s/ Kathleen Weisberg  
    Name: Kathleen Weisberg  
    Title: Chief Financial Officer  

 

 

 

 

 

 

 

 

 

 

 

 

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FAQ

What did Forward Industries (FORD) disclose in this 8-K?

The company closed a registered direct offering of 263,243 shares on August 11, 2025 and filed the underwriters counsels legal opinion as Exhibit 5.1.

How many shares outstanding does FORD report after the offering?

The company reports 1,664,949 shares of common stock outstanding subsequent to the offering.

Who provided the legal opinion filed as Exhibit 5.1?

The legal opinion was provided by Nason, Yeager, Gerson, Harris & Fumero, P.A. and is included as Exhibit 5.1.

Does the 8-K disclose the offering price or proceeds for FORDs offering?

No. This current report does not disclose the offering price or the gross proceeds from the offering.

How many investors participated in the registered direct offering?

The offering was sold to six investors.
Forward Inds Inc N Y

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