Forwardly Inc (FORW)

[I-Glow]

Here is the difference between the S-1 and S-1/A. With the Caveat that I used AI to compare the documents. I will go through the documents myself because I have already spotted an error. I found why there was an error.

"The two documents you provided are an initial SEC Form S-1 filing and an amended Form S-1/A filing for their proposed initial public offering (IPO) of common stock. Here are the key differences between the two filings:
The initial Form S-1 was filed on December 23, 2023, while the amended Form S-1/A was filed on March 13, 2024. (From IG - the offering price is $0.02).

The amended filing updates and provides additional information compared to the initial filing.
The offering size in the initial filing was for up to $100 million of common stock, while the amended filing increased the proposed maximum offering to $150 million. From the S-1/A - "From the S-1/A:

"We are authorized to issue 1,360,000,000 shares of common stock, 24,000,000 Series A preferred stock, 1,500,000 shares of Series B preferred stock, 5,000,000 shares of Series C preferred stock and 5,000,000 shares of Series D preferred stock. As of December 15, 2023"

The amended filing provides updated financial statements for FORW as of December 31, 2023 and for the fiscal years ended December 31, 2023 and 2022, which were not included in the initial filing.

The use of proceeds section in the amended filing was updated to reflect the increased offering size and provide more details on how the proceeds will be used.

The risk factors section was expanded in the amended filing to include additional risks related to the company's business and the offering.

The amended filing also updates other sections like management's discussion and analysis, executive compensation, and certain other legal disclosures based on developments since the initial filing."

Sharp is increasing the issued and outstanding Common and. Preferred shares significantly.

Now, it is time for shareholders to read the documents instead of assuming that Sharp is going to do the right thing.

IG