8-KThe Red FlagsRed Alert
Delisting Notice
Filed Apr 2, 2025 · 1y ago · Accession 0001683168-25-002225
Plain English
Material event — a significant development the company must disclose promptly.
Read the source below for the full document.
Filing text
View original ↗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): April 1,
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 3.01 Notice of Delisting or Failure to
Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On April 1, 2025, Forward Industries, Inc. (the
“Company”) received formal notification from The Nasdaq Stock Market LLC (“Nasdaq”) that the Company has evidenced
compliance with the minimum $2.5 million stockholders’ equity requirement for continued listing on The Nasdaq Capital Market, in
accordance with Nasdaq Listing Rule 5550(b)(1) (the “Equity Rule”), and otherwise satisfies all other requirements for continued
listing on Nasdaq. Accordingly, the previously disclosed listing matter has been resolved and the hearing before the Nasdaq Hearings Panel
canceled.
As previously disclosed in that Current Report
on Form 8-K dated February 21, 2025, the Company received a delist determination from Nasdaq due to the Company’s non-compliance
with the Equity Rule. The Company thereafter requested a hearing before the Panel to address the deficiency, which has been rendered moot
by Nasdaq’s formal determination that the Company satisfies all criteria for continued listing on The Nasdaq Capital Market.
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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: April 2, 2025
By:
/s/ Kathleen Weisberg
Name: Kathleen Weisberg
Title: Chief Financial Officer
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Filing details
- Company
- Forward Industries, Inc.
- Ticker
- FWDI
- CIK
- 38264
- Form type
- 8-K
- Filing date
- Apr 2, 2025
- Report date
- Apr 1, 2025
- Document
- forward_8k.htm
- Size
- 196 KB