[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 societ脿 emetter脿 le azioni nell'ambito di una shelf registration efficace e prevede di chiudere l'offerta soggetta alle consuete condizioni di chiusura. Nessun sottoscrittore n茅 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 sar脿 presentato alla SEC.
Forward Industries, Inc. acord贸 vender 263,243 acciones de sus acciones ordinarias en una colocaci贸n directa registrada a un precio de $8.50 por acci贸n, generando unos ingresos brutos agregados que se esperan sean aproximadamente $2,230,000. La compa帽铆a emitir谩 las acciones bajo una shelf registration efectiva y espera concluir la oferta, sujeta a las condiciones de cierre habituales. Ning煤n suscriptor ni agente de colocaci贸n particip贸 en la operaci贸n.
Esta presentaci贸n revela los t茅rminos materiales de los Subscription Agreements y remite a un modelo de Subscription Agreement presentado como anexo; se presentar谩 un suplemento del prospecto relacionado con la oferta ante la SEC.
Forward Industries, Inc.電� 霌彪霅� 歆侅爲 瓿惦鞐愳劀 氤错喌欤� 263,243欤茧ゼ 欤茧嫻 $8.50鞐� 毵り皝頃橁赴搿� 頃╈潣頃橃棳 齑� 鞎� $2,230,000鞚� 齑濎垬鞚奠潉 彀届稖頃� 瓴冹溂搿� 鞓堨儊霅╇媹雼�. 須岇偓電� 鞙犿毃頃� 靺疙攧 霌彪(shelf registration)鞐� 霐半澕 欤检嫕鞚� 氚滍枆頃� 鞓堨爼鞚措┌ 韱奠儊鞝侅澑 膦呹舶 臁瓣贝鞚� 鞝勳牅搿� 瓿惦毳� 毵堦皭頃� 瓿勴殟鞛呺媹雼�. 氤� 瓯半灅鞐愲姅 鞚胳垬鞚�(鞏鸽崝霛检澊韯�)鞚措倶 氚办箻 鞐愳澊鞝勴姼臧� 彀胳棳頃橃 鞎婌晿鞀惦媹雼�.
氤� 鞝滌稖靹滊電� 甑弲瓿勳暯(Subscription Agreements)鞚� 欤检殧 臁瓣贝鞚� 瓿店皽頃橁碃 觳秬搿� 鞝滌稖霅� 甑弲瓿勳暯 鞏戩嫕鞚� 彀胳“頃╇媹雼�; 瓿惦鞕� 甏�霠悳 靹る獏靹� 氤挫订靹�(prospectus supplement)電� SEC鞐� 鞝滌稖霅� 鞓堨爼鞛呺媹雼�.
Forward Industries, Inc. a accept茅 de vendre 263,243 actions de son capital ordinaire dans le cadre d'une offre directe enregistr茅e au prix de $8.50 par action, g茅n茅rant un produit brut global attendu d'environ $2,230,000. La soci茅t茅 茅mettra les actions en vertu d'un enregistrement 芦 shelf 禄 effectif et pr茅voit de cl么turer l'offre sous r茅serve des conditions de cl么ture habituelles. Aucun souscripteur ni agent de placement n'a particip茅 脿 la transaction.
Ce d茅p么t d茅voile les termes essentiels des Subscription Agreements et renvoie 脿 un mod猫le d'Subscription Agreement d茅pos茅 en annexe ; un suppl茅ment de prospectus li茅 脿 l'offre sera d茅pos茅 aupr猫s 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 ver盲u脽ern und dadurch voraussichtlich Bruttoerl枚se 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 眉blichen Abschlussbedingungen abzuschlie脽en. Kein Underwriter oder Platzierungsagent war an der Transaktion beteiligt.
Diese Einreichung legt die ma脽geblichen Bedingungen der Subscription Agreements offen und verweist auf ein als Anlage eingereichtes Muster-Subscription-Agreement; ein zum Angebot geh枚render 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鈥檚 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 societ脿 emetter脿 le azioni nell'ambito di una shelf registration efficace e prevede di chiudere l'offerta soggetta alle consuete condizioni di chiusura. Nessun sottoscrittore n茅 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 sar脿 presentato alla SEC.
Forward Industries, Inc. acord贸 vender 263,243 acciones de sus acciones ordinarias en una colocaci贸n directa registrada a un precio de $8.50 por acci贸n, generando unos ingresos brutos agregados que se esperan sean aproximadamente $2,230,000. La compa帽铆a emitir谩 las acciones bajo una shelf registration efectiva y espera concluir la oferta, sujeta a las condiciones de cierre habituales. Ning煤n suscriptor ni agente de colocaci贸n particip贸 en la operaci贸n.
Esta presentaci贸n revela los t茅rminos materiales de los Subscription Agreements y remite a un modelo de Subscription Agreement presentado como anexo; se presentar谩 un suplemento del prospecto relacionado con la oferta ante la SEC.
Forward Industries, Inc.電� 霌彪霅� 歆侅爲 瓿惦鞐愳劀 氤错喌欤� 263,243欤茧ゼ 欤茧嫻 $8.50鞐� 毵り皝頃橁赴搿� 頃╈潣頃橃棳 齑� 鞎� $2,230,000鞚� 齑濎垬鞚奠潉 彀届稖頃� 瓴冹溂搿� 鞓堨儊霅╇媹雼�. 須岇偓電� 鞙犿毃頃� 靺疙攧 霌彪(shelf registration)鞐� 霐半澕 欤检嫕鞚� 氚滍枆頃� 鞓堨爼鞚措┌ 韱奠儊鞝侅澑 膦呹舶 臁瓣贝鞚� 鞝勳牅搿� 瓿惦毳� 毵堦皭頃� 瓿勴殟鞛呺媹雼�. 氤� 瓯半灅鞐愲姅 鞚胳垬鞚�(鞏鸽崝霛检澊韯�)鞚措倶 氚办箻 鞐愳澊鞝勴姼臧� 彀胳棳頃橃 鞎婌晿鞀惦媹雼�.
氤� 鞝滌稖靹滊電� 甑弲瓿勳暯(Subscription Agreements)鞚� 欤检殧 臁瓣贝鞚� 瓿店皽頃橁碃 觳秬搿� 鞝滌稖霅� 甑弲瓿勳暯 鞏戩嫕鞚� 彀胳“頃╇媹雼�; 瓿惦鞕� 甏�霠悳 靹る獏靹� 氤挫订靹�(prospectus supplement)電� SEC鞐� 鞝滌稖霅� 鞓堨爼鞛呺媹雼�.
Forward Industries, Inc. a accept茅 de vendre 263,243 actions de son capital ordinaire dans le cadre d'une offre directe enregistr茅e au prix de $8.50 par action, g茅n茅rant un produit brut global attendu d'environ $2,230,000. La soci茅t茅 茅mettra les actions en vertu d'un enregistrement 芦 shelf 禄 effectif et pr茅voit de cl么turer l'offre sous r茅serve des conditions de cl么ture habituelles. Aucun souscripteur ni agent de placement n'a particip茅 脿 la transaction.
Ce d茅p么t d茅voile les termes essentiels des Subscription Agreements et renvoie 脿 un mod猫le d'Subscription Agreement d茅pos茅 en annexe ; un suppl茅ment de prospectus li茅 脿 l'offre sera d茅pos茅 aupr猫s 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 ver盲u脽ern und dadurch voraussichtlich Bruttoerl枚se 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 眉blichen Abschlussbedingungen abzuschlie脽en. Kein Underwriter oder Platzierungsagent war an der Transaktion beteiligt.
Diese Einreichung legt die ma脽geblichen Bedingungen der Subscription Agreements offen und verweist auf ein als Anlage eingereichtes Muster-Subscription-Agreement; ein zum Angebot geh枚render 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?
