Item 7.01. Regulation FD Disclosure.
On January 17, 2023, Forza X1, Inc. (the "Company") issued a press release
announcing the adoption of a stock repurchase program authorizing the Company to
repurchase up to $1,000,000 of shares of the Company's common stock.
The information in this Item 7.01 and in the press release furnished as Exhibit
99.1 to this Current Report on Form 8-K shall not be deemed to be "filed" for
purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or
otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2)
of the Securities Act of 1933, as amended, and shall not be incorporated by
reference into any filing with the U.S. Securities and Exchange Commission made
by the Company, whether made before or after the date hereof, regardless of any
general incorporation language in such filing.
The Company's press release furnished as Exhibit 99.1 to this Current Report on
Form 8-K includes "safe harbor" language pursuant to the Private Securities
Litigation Reform Act of 1995, as amended, indicating that certain statements
contained therein are "forward-looking" rather than historical.
Item 8.01. Other Events.
On January 17, 2023, the Company issued a press release announcing the adoption
of a stock repurchase program authorizing the Company to repurchase up to
$1,000,000 of shares of the Company's common stock. Under the stock repurchase
program authorization, the Company may purchase shares of the Company's common
stock from time to time in the open market at prevailing market prices, in
privately negotiated transactions or other means in compliance with applicable
federal securities laws. The timing and amount of stock repurchases under the
program, if any, will be at the discretion of the Company's management, and will
depend on a variety of factors, including price, available cash, general
business and market conditions and other investment opportunities.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit
Number Description
99.1 Press Release issued by Forza X1, Inc., dated January 17, 2023
104 Cover Page Interactive Data File (embedded with the inline XBRL document)
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