Thompson LLP advised Forward Industries (Asia-Pacific) Corporation in its acquisition of a subsidiary and certain assets from Forward Industries, Inc. (NASDAQ: FORD), a U.S.-based manufacturer and distributor of OEM and consumer goods. The transaction, completed on May 16, 2025, was part of a larger strategic shift by Forward Industries, Inc. to exit its discontinued OEM business and restructure its operations.
Approved by a special committee of Forward Industries, Inc., the transaction satisfied outstanding payables and marked a key milestone in the company’s realignment efforts. In parallel, Forward Industries, Inc. secured a $35 million equity line of credit with C/M Capital Master Fund, LP to enhance its financial flexibility.
“This deal involved multi-jurisdictional cross-border negotiations and a unique restructuring,” said Ben Thompson, Managing Partner of Thompson LLP. “We’re proud to have represented Forward Industries (Asia-Pacific) Corporation in a transaction that advances its strategic objectives and positions it for long-term success.”
The Thompson LLP team advising on the matter included Christopher Condlin, Ben Thompson, and Dustin Barzell.