PWP Forward Acquisition Corp. I (FRWAW) operates as a blank check company, or special purpose acquisition company (SPAC), focused on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, particularly those founded by, led by, or enriching the lives of women with strong ESG principles. The company offers no current products or services beyond its SPAC structure, which provides public market access to target companies through its trust account holding IPO proceeds of approximately $200 million raised in March 2021 via 20 million units at $10 each, including Class A common stock and redeemable warrants exercisable at $11.50 per share. Incorporated in 2020 as a Delaware corporation and headquartered in New York, New York, it conducts operations primarily in the United States with a focus on global opportunities across industries. Sponsored by Perella Weinberg Partners and its partners and employees, with leadership including CEO Stacia Ryan (also noted as Stacia Schlosser Ryan), the company has not completed a business combination as of late 2025, as indicated by its revoked SEC Exchange Act registration and lack of recent merger announcements or de-SPAC activity. Trading of its warrants occurs on Nasdaq under FRWAW, with units previously under FRWAU and common stock under FRW, reflecting ongoing liquidation or dormancy status characteristic of expired SPACs without targets.