Forward announces 1-for-10 reverse stock split effective june 18, 2024

Hauppauge, n.y., june 14, 2024 (globe newswire) -- forward industries, inc. (nasdaq: ford) (“forward” or the “company”), a global design, sourcing, and distribution company serving top tier medical and technology customers, announced today that it will effect a 1-for-10 reverse stock split (“reverse stock split”) of its common stock, par value $0.01 per share (“common stock”), that will become effective on june 18, 2024, at 12:01 a.m., eastern time. forward's common stock will continue to trade on the nasdaq capital market (“nasdaq”) under the existing symbol “ford” and will begin trading on a split-adjusted basis when the market opens on june 18, 2024. the new cusip number for the common stock following the reverse stock split will be 349862 409.
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