Sharp has a history of filing with the SEC and then withdrawing or he just abandons it.
Sharp filed Reg A+ on 06/12/2020 for FORW.
On 02/28/2022 the SEC declared it abandoned.
"Forwardly, Inc. filed with the Commission an offering statement to qualify an offering of
securities under Section 3(b) of the Securities Act of 1933. The offering statement has been on
file for more than nine months and has not yet been qualified.
In view of the foregoing, it is ORDERED that the offering statement be declared
abandoned on February 28, 2022.
For the Commission, by the Division of Corporation Finance, pursuant to delegated
authority."
Now Sharp has withdrawn the S-1.
From the S-1:
"We consent to the inclusion in this Confidential Registration Statement on Form S-1 (File No. 333-276129) of our audit report dated March 20, 2024, with respect to the consolidated balance sheets of Forwardly, Inc. as of December 31, 2023 and 2022, and the related consolidated statements of operations, changes in stockholders’ equity (deficit), and cash flows for each of the years in the two-year period ended December 31, 2023. Our report dated March 20, 2024, relating to aforementioned financial statements, includes a going concern paragraph relating to substantial doubt of the Company’s ability to continue as a going concern."
A Form S-1 is a registration statement filed with the Securities and Exchange Commission (SEC) by a company that wants to go public.
What's the purpose of an S-1?
Registers the company with the SEC.
It was filed over a year ago and it was obvious the SEC wasn't going deem the GRDO/FORW S-1 effective.
IG