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- Going Concern (unchanged) — Auditors' report contains a going-concern explanatory paragraph, signaling substantial doubt about the company's ability to continue operating.
- Warrants With $0.06 Exercise Price (new) — 13,494,499 warrants outstanding with a weighted average exercise price of $0.06, deeply in the money and likely to cause significant dilution.
Forward Industries prices $25M primary offering at $8.00/share; net proceeds $23.6M for working capital, Solana purchase
Filed September 24, 2026 · ~1 min read
Key Changes
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Forward Industries is offering 3,125,000 shares at $8.00 per share, raising $25M gross; net proceeds to the company are $23.6M after fees.
The Offering verify on EDGAR → -
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The company intends to use net proceeds for working capital, purchase of Solana, and general corporate purposes.
Use of Proceeds verify on EDGAR → -
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New investors face immediate dilution of $1.53 per share: offering price $8.00 vs. as-adjusted net tangible book value of $6.47.
Dilution verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 24, 2026 · How we verify