Forward Industries, Inc. (FORD) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
FORD currently has 74.7M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 5046.46% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 1 stock split (positive for accessibility) and 1 reverse split (concerning signal).
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 14, 2026 |
10-Q filing | 74.7M shares outstanding |
75M | 0 |
| Mar 19, 2026 |
8-K filing: Forward Industries, Inc. repurchased 6,164,324 shares of its common stock from an institutional investor for approximately $27.4 million. ($27.4M proceeds) |
86M | 0 |
| Dec 11, 2025 |
10-K filing | 86.5M shares outstanding |
86M | 0 |
| Sep 12, 2025 |
8-K filing: Forward Industries, Inc. sold and issued 1,783,783 shares of its common stock to two accredited investors in a registered direct offering at a price of $18.50 per share. |
1.7M | 0 |
| Sep 08, 2025 |
8-K filing: Forward Industries, Inc. entered into a securities purchase agreement to sell 89,189,189 shares of common stock at $18.50 per share in a private placement, with the closing expected on September 10, 2025. |
1.7M | 0 |
| Aug 14, 2025 |
10-Q filing | 1.7M shares outstanding |
1.7M | 0 |
| Aug 12, 2025 |
8-K filing: Forward Industries (Asia-Pacific) Corporation converted 610 shares of Series A-1 Preferred Stock and was issued 81,333 shares of common stock of Forward Industries, Inc. |
1.1M | 250K |
| Aug 11, 2025 |
8-K filing: Forward Industries, Inc. closed the sale of 263,243 shares of its common stock to six investors in a previously announced registered direct offering on August 11, 2025. Subsequent to the closing of the Offering, the Company had 1,664,949 shares of common stock outstanding. |
1.7M | 0 |
| Aug 11, 2025 |
8-K filing: Forward Industries, Inc. entered into Subscription Agreements with six investors to issue and sell 263,243 shares of common stock at $8.50 per share in a registered direct offering, with gross proceeds expected to be approximately $2,230,000, closing on or about August 11, 2025. ($2.23M proceeds) |
1.1M | 250K |
| Jul 25, 2025 |
8-K filing: The Company sold 156,475 shares of common stock for total gross proceeds of $1,394,713 from July 16, 2025 through July 24, 2025 under the Securities Purchase Agreement dated May 16, 2025. ($1.39M proceeds) |
1.1M | 250K |
| Jun 17, 2025 |
S-3/A filing: Forward Industries, Inc. intends to offer and sell from time to time the securities described in this prospectus. |
1.1M | 270K |
| Jun 17, 2025 |
S-1/A filing: Forward Industries, Inc. is offering up to 273,000 shares of common stock through a resale by C/M Capital Master Fund, LP pursuant to a Securities Purchase Agreement, establishing an equity line of credit. |
1.1M | 250K |
| Jun 10, 2025 |
S-1 filing: This S-1 filing relates to the potential resale of up to 273,000 shares of common stock by the selling stockholder, C/M Capital Master Fund, LP, pursuant to a Securities Purchase Agreement establishing an equity line of credit, with the company potentially receiving up to $35 million in gross proceeds. |
1.1M | 0 |
| Jun 10, 2025 |
S-3 filing: Forward Industries, Inc. intends to offer and sell from time to time common stock, preferred stock, warrants to purchase common stock and units for a total offering price not exceeding $50,000,000. |
1.1M | 0 |
| May 23, 2025 |
8-K filing: Forward Industries, Inc. issued 1,000,000 shares of Series B Preferred Stock and 111,111 warrants for $1,000,000 in gross proceeds. ($1.0M proceeds) |
1.1M | 0 |
| May 22, 2025 |
8-K filing: Forward Industries, Inc. entered into a Securities Purchase Agreement with C/M Capital Master Fund, LP to sell up to $35 million of the Company's common stock, and issued 24,929 shares of common stock as commitment shares. |
1.1M | 0 |
| May 14, 2025 |
10-Q filing | 1.1M shares outstanding |
1.1M | 0 |
| Mar 31, 2025 |
8-K filing: Forward Industries, Inc. received notification from Nasdaq regarding non-compliance with the $2.5 million stockholders' equity requirement, leading to a conversion of $2,500,000 of accounts payable into 2,500 shares of Series A-1 Convertible Preferred Stock with Forward Industries (Asia-Pacific) Corporation to regain compliance. ($2.5M proceeds) |
1.1M | 0 |
| Mar 24, 2025 |
8-K filing: Forward Industries, Inc. entered into an agreement with Forward Industries (Asia-Pacific) Corporation (FC) where FC converted $2,500,000 of the Company's outstanding accounts payable into 2,500 shares of the Company's Series A-1 Convertible Preferred Stock at a stated value of $1,000 per share. ($2.5M proceeds) |
1.1M | 0 |
| Mar 17, 2025 |
8-K filing: Forward Industries, Inc. increased the number of authorized shares of Series A-1 Preferred Stock from 2,700 shares to 6,700 shares via a Certificate of Amendment filed on March 13, 2025. |
1.1M | 0 |
| Feb 13, 2025 |
8-K filing: Forward Industries, Inc. converted $225,000 of debt owed to Forward Industries (Asia-Pacific) Corporation into 225 shares of Series A-1 Convertible Preferred Stock. ($0.23M proceeds) |
1.1M | 0 |
| Feb 13, 2025 |
10-Q filing | 1.1M shares outstanding |
1.1M | 0 |
| Dec 27, 2024 |
10-K filing | 1.1M shares outstanding |
1.1M | 0 |
| Oct 04, 2024 |
8-K filing: Forward Industries, Inc. converted $500,000 of debt to 500 shares of Series A-1 Convertible Preferred Stock with Forward Industries (Asia-Pacific) Corporation, owned by the Company's CEO and Chairman. The company also filed an amendment to increase the number of authorized shares of Series A-1 from 1,700 to 2,700. ($0.5M proceeds) |
1.1M | 0 |
| Aug 14, 2024 |
10-Q filing | 1.1M shares outstanding |
1.1M | 0 |
| Jul 08, 2024 |
Stock Split
8-K filing: Forward Industries completed a 1-for-10 reverse stock split and issued Series A-1 Convertible Preferred Stock in exchange for the conversion of accounts payable to Forward Industries (Asia-Pacific) Corporation. ($1.7M proceeds) |
1M | 0 |
| May 10, 2024 |
10-Q filing | 10.1M shares outstanding |
10M | 0 |
| Feb 14, 2024 |
10-Q filing | 10.1M shares outstanding |
10M | 0 |
| Dec 21, 2023 |
10-K filing | 10.1M shares outstanding |
10M | 0 |
| Aug 14, 2023 |
10-Q filing | 10.1M shares outstanding |
10M | 0 |
| May 12, 2023 |
10-Q filing | 10.1M shares outstanding |
10M | 0 |
| Feb 14, 2023 |
10-Q filing | 10.1M shares outstanding |
10M | 0 |
| Dec 16, 2022 |
10-K filing | 10.1M shares outstanding |
10M | 0 |
| Aug 10, 2022 |
10-Q filing | 10.1M shares outstanding |
10M | 0 |
| May 12, 2022 |
10-Q filing | 10.1M shares outstanding |
10M | 0 |
| Feb 10, 2022 |
10-Q filing | 10.1M shares outstanding |
10M | 0 |
| Dec 16, 2021 |
10-K filing | 10.0M shares outstanding |
10M | 0 |
| Aug 12, 2021 |
10-Q filing | 10.0M shares outstanding |
10M | 0 |
| May 13, 2021 |
10-Q filing | 9.9M shares outstanding |
9.9M | 0 |
| Feb 12, 2021 |
10-Q filing | 9.9M shares outstanding |
9.9M | 0 |
| Dec 17, 2020 |
10-K filing | 9.6M shares outstanding |
9.6M | 0 |
| Aug 14, 2020 |
10-Q filing | 9.5M shares outstanding |
9.5M | 0 |
| Jun 25, 2020 |
10-Q filing | 9.5M shares outstanding |
9.5M | 0 |
| Feb 14, 2020 |
10-Q filing | 9.5M shares outstanding |
9.5M | 0 |