Company: FWDI
Filing Date: 2025-03-31
Form Type: 8-K
Source: 0001683168-25-002108
Chunk: 0

Company: Forward Industries, Inc.
Filing Date: 2025-03-31
Form: 8-K
Item: Item 4.01
Chunk 0
---
Item 4.01. Changes in Registrant’s Certifying
Accountant.

(a) Dismissal of Independent Registered Public Accounting Firm

On March 28, 2025, the
Board of Directors and Audit Committee of Forward Industries, Inc. (the “ Company”), approved the dismissal of CohnReznick
LLP (“ CohnReznick”), as the independent registered public accounting firm of the Company, effective immediately. The Company
subsequently notified CohnReznick of the dismissal.

The reports of CohnReznick
on the Company’s financial statements for the fiscal years ended September 30, 2024 and 2023 did not contain any adverse opinion
or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principle, except
that the report on the Company’s financial statements for thefiscal year ended September 30, 2024 contained
an explanatory paragraph regarding the Company’s ability to continue as a going concern, which contemplated, among other
things, the realization of assets and satisfaction of liabilities in the ordinary course of business. During the fiscal years ended September
30, 2024 and 2023 and the subsequent interim period through March 28, 2025, the effective date of CohnReznick’s dismissal, there
were (i) no disagreements (as that term is defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) between the Company
and CohnReznick on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which,
if not resolved to the satisfaction of CohnReznick would have caused CohnReznick to make reference thereto in its reports on the financial
statements of the Company for such years, and (ii) no “reportable events” (as that term is defined in Item 304(a)(1)(v) of
Regulation S-K).

The Company provided
CohnReznick with a copy of this Current Report on Form 8-K and requested that CohnReznick furnish a letter addressed to the Securities
and Exchange Commission stating whether or not CohnReznick agrees with the above disclosures. A copy of CohnReznick’s letter is
filed as Exhibit 16.1 to this Current Report on Form 8-K.

(b) Engagement of New Independent Registered Public Accounting Firm

On March 28, 2025,