Forward Industries Inc. filed SEC Form 8-K: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
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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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