{"filings":[{"id":78001,"accession_number":"0001213900-26-056234","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2026-05-14T12:13:35+00:00","items":["2.02","9.01"],"status":"ready","headline":"Forum Markets Q1 net loss $77.5M, revenue $2.9M; cuts 2026 AUM & revenue outlook; buyback $25M","event_type":"earnings","confidence":"high","bullets":["Revenue $2.9M from aircraft engine leases ($1.1M) and staking ($1.8M); net loss $77.5M on digital asset losses.","Adjusted EBITDA loss of $76M; cash and equivalents $65.9M at quarter end.","After quarter end, repurchased 5.8M shares (28% outstanding) for $25M; shares outstanding ~14.5M as of April 30.","Entered AI infrastructure financing via NVIDIA GPU-backed bridge loans targeting mid-teens returns.","2026 guidance: AUM exit $100M-$175M (from $125M-$200M); revenue $18M-$22M (from $18M-$26M); 2027 AUM target $250M-$300M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":94708,"accession_number":"0001213900-26-048847","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2026-04-29T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Forum Markets repurchases 5.65M shares (~28% of outstanding) for $24.1M since April 15","event_type":"other_material","confidence":"high","bullets":["Repurchased and cancelled 5,647,351 shares at avg $4.26/share, total cost ~$24.07M funded from existing cash.","Shares outstanding post-repurchase: ~14,649,582 as of April 28, 2026.","Program reinitiated April 15, 2026; ongoing repurchases subject to market conditions and board discretion.","All repurchased shares retired and no longer outstanding."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":94707,"accession_number":"0001213900-26-047572","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2026-04-24T23:59:59+00:00","items":["3.03","5.03","9.01"],"status":"ready","headline":"Forum Markets eliminates Series B Convertible Preferred Stock designation","event_type":"other_material","confidence":"high","bullets":["Filed Certificate of Elimination with Delaware on April 23, 2026, effective April 24, 2026.","No shares of Series B Convertible Preferred Stock were ever issued or outstanding.","Removes the designations, preferences, limitations and relative rights of the series.","Action is procedural; no impact on existing shareholder rights or capital structure."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":94706,"accession_number":"0001213900-26-044927","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2026-04-17T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"FRMM Board reinitiates buyback, forms special committee to evaluate value-maximizing proposals","event_type":"other_material","confidence":"high","bullets":["Reinitiated share repurchase program effective April 15, 2026; Board authorized repurchases possibly exceeding Rule 10b-18 safe harbor.","Special Committee of independent directors (Angela Dalton, Michael Edwards, Jason New) formed to evaluate proposals to close gap between market cap and intrinsic value.","Special Committee authorized to explore mergers, acquisitions, sale of company, partnerships, or return of capital to shareholders.","Retained Clear Street LLC as independent financial advisor to support evaluation and transaction structuring.","Forum continues to execute business plan and pursue revenue and cash flow growth during this process."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":94705,"accession_number":"0001213900-26-041287","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2026-04-08T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Forum Markets to deploy $25-50M in AI chip bridge loans targeting mid-teens returns","event_type":"other_material","confidence":"high","bullets":["Partners with third-party originator and USD.AI to provide short-term bridge loans for NVIDIA GPU acquisitions.","First deal: $25M minimum, up to $50M at Forum's election, to a U.S.-based neocloud operator at mid-teens annualized return.","Loans backed by pre-committed takeout from USD.AI on a 60- to 120-day timeline; Forum plans to tokenize loans on its platform.","Targets enhancing overall yield of tokenized product pipeline through higher blended returns from bridge vs. permanent financing.","No obligation to fund any specific deal; each transaction requires separate definitive agreement and Forum review."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.55,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":94704,"accession_number":"0001213900-26-041270","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2026-04-08T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Forum Markets amends ATM sales agreement, transitions back to prior registration statement","event_type":"other_material","confidence":"high","bullets":["Ceased sales under WKSI Registration Statement; future sales will be under June Registration Statement and Initial Prospectus Supplement.","Amendment involves agents Clear Street LLC and Texas Capital Securities; no other material changes to terms.","Agreement dated April 8, 2026; existing program continues with different registration statement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":94703,"accession_number":"0001213900-26-039942","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2026-04-03T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Forum Markets grants CEO Rudisill $5.18M in equity awards, CFO Saunders $750K","event_type":"other_material","confidence":"high","bullets":["CEO McAndrew Rudisill receives initial award worth $4,285,500 and 2025 pro-rated award $898,194.","CFO John Saunders receives equity award with grant date value of $750,000.","Awards are 60% performance stock units (share price hurdles: $5.00, $7.50, $10.00) and 40% RSUs.","RSUs vest in one-third increments on Aug 1, 2026, 2027, and 2028; PSUs vest over 5 years.","Rudisill's prior restricted stock grant of 136,500 shares (Nov 2025) was rescinded Dec 1, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":107294,"accession_number":"0001213900-26-037398","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2026-03-31T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Forum Markets reports FY 2025 rev $6.5M, net loss $450.5M; guides FY 2026 rev $18-26M","event_type":"earnings","confidence":"high","bullets":["FY 2025 revenue $6.5M; Q4 revenue $2.4M; net loss from continuing ops $450.5M primarily from non-recurring stock-based comp.","Adjusted EBITDA -$218.5M for full year 2025.","FY 2026 guidance: revenue $18-26M, exit AUM $125-200M; targeting FY 2027 AUM $300-400M.","Acquired 20% stake in Karus (AI auto credit), 15% in Zippy (manufactured housing); launched Eurus Aero Token; $4.7M home loans.","Appointed Angela Dalton and Michael Edwards as independent directors; Robert Spake as General Counsel."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":107293,"accession_number":"0001213900-26-035601","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2026-03-27T23:59:59+00:00","items":["1.01","2.01","9.01"],"status":"ready","headline":"Forum Markets launches $150M revolving loan purchase program, acquires $1.4M in initial loans","event_type":"other_material","confidence":"high","bullets":["Up to $150M five-year revolving commitment to purchase manufactured home chattel loans from Zippy Loans.","First Purchase Commitment covers $15M from March 23 to June 30, 2026.","Acquired 31 initial manufactured home chattel loans for $1,436,710.67 cash on March 23, 2026.","Zippy Loans will service the loans; servicing fee tiered by FICO score subject to minimum monthly fee.","Forum Markets holds ~15% fully-diluted ownership of Zippy, Inc., parent of Zippy Loans."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":107292,"accession_number":"0001213900-26-027230","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2026-03-13T23:59:59+00:00","items":["1.01","7.01","8.01","9.01"],"status":"ready","headline":"Forum Markets establishes $10M auto loan warehouse facility, sells 4,200 ETH since Feb 4","event_type":"other_material","confidence":"high","bullets":["Subsidiary ETHZilla Auto Loans entered a $10M revolving warehouse facility with Anchored Finance to fund auto loans from Automatic USA.","Facility has 12-month initial term, auto-renewing; expected to generate 12%-13% annualized yield for Forum.","Since Feb 4, sold 4,200 ETH at avg $1,938.78 for $8.1M; holds 61,650 ETH as of March 9.","Forum plans to use ETH sales proceeds and equity offerings to fund tokenization of real-world assets.","Settlement via Liquidity.io blockchain; facility aggregates loans for tokenization, enhancing yield on upcoming auto loan tokens."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":107291,"accession_number":"0001213900-26-020806","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2026-02-26T23:59:59+00:00","items":["5.03","7.01","8.01","9.01"],"status":"ready","headline":"ETHZilla rebrands to Forum Markets, Nasdaq ticker changes to FRMM March 2","event_type":"other_material","confidence":"high","bullets":["Name changed from ETHZilla Corporation to Forum Markets, Incorporated effective Feb 25, 2026.","Common stock to trade under new ticker 'FRMM' on Nasdaq starting March 2, 2026; CUSIP unchanged.","Rebrand reflects strategic shift to institutional-grade tokenization of real-world assets.","Company has exclusive distribution through Liquidity.io and equity investments in AI credit platforms.","Acquired manufactured home loan portfolio from Zippy Manufactured Home Credit Fund for tokenization."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":107290,"accession_number":"0001213900-26-015614","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2026-02-12T23:59:59+00:00","items":["5.03","7.01","9.01"],"status":"ready","headline":"ETHZilla subsidiary launches Eurus Aero Token I, tokenized jet engine lease offering up to $11.9M","event_type":"other_material","confidence":"high","bullets":["ETHZilla Aerospace LLC launches Eurus Aero Token I, offering accredited investors exposure to jet engine lease cash flows.","Tokens priced at $100 each ($1,000 minimum); target return of ~11% over lease term; offering up to $11.9 million.","Backed by two CFM56 commercial jet engines acquired for ~$12.2 million; leased to a leading US air carrier through 2028.","Tokenization on Ethereum L2 via Liquidity.io; monthly cash distributions; engines currently unlevered.","Bylaws amended to enhance stockholder nomination procedures and add federal forum selection provision (Item 5.03)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":107289,"accession_number":"0001213900-26-012553","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2026-02-05T23:59:59+00:00","items":["1.01","2.01","9.01","5.02","7.01"],"status":"ready","headline":"ETHZilla buys 95 manufactured home loans for $4.7M; yield 10.36%; plans tokenization","event_type":"other_material","confidence":"high","bullets":["Acquired 95 manufactured/modular home loans for $4,674,595 (104% of principal) with a 10.36% annualized yield.","Funded by selling 3,965.83 ETH at $3,173.67 avg for $12.58M; now holds 65,850 ETH.","Plans to tokenize the loan portfolio into a cash-flow token on Ethereum L2, launching via Liquidity.io late Feb/early Mar.","CAO Eric Van Lent resigned effective Jan 30; contract not renewed after John Saunders appointed CFO in Nov 2025.","Previously acquired 15% equity stake in Zippy Inc. in Dec 2025, strengthening access to origination."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":107288,"accession_number":"0001213900-26-006924","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2026-01-23T23:59:59+00:00","items":["2.01","9.01"],"status":"ready","headline":"ETHZilla acquires two CFM56-7B24 aircraft engines for $12.2M from Avean Engine Solutions","event_type":"m_and_a","confidence":"high","bullets":["Acquired two CFM56-7B24 aircraft engines for $12.2M cash from Avean Engine Solutions, LLC.","Engines currently under lease with a major airline; leases assigned to ETHZilla.","Entered Servicing Agreement with Aero Engine Solutions to manage engines for a monthly fee.","Put/call options: ETHZilla can require Servicer to buy each engine for $3M; Servicer can require ETHZilla to sell for $3M.","Economic closing date backdated to September 30, 2025; actual closing January 17, 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":123649,"accession_number":"0001213900-25-126699","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2025-12-30T23:59:59+00:00","items":["1.02","8.01"],"status":"ready","headline":"ETHZilla redeems $516M principal of convertible notes at 117% premium on Dec 30, 2025","event_type":"other_material","confidence":"high","bullets":["Redeemed all $516,148,000 principal of convertible notes at 117% (plus $87.7M premium and $1.8M accrued interest).","Convertible notes were secured by approx. $509M cash and 11,374.89 ETH held in restricted accounts.","August 2025 SPA and September 2025 amendment agreements terminated as a result of the redemption.","No material early termination penalties incurred; redemption was mandatory per Dec 9, 2025 Redemption Agreement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.8,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":123648,"accession_number":"0001213900-25-123877","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2025-12-19T23:59:59+00:00","items":["5.02","7.01","8.01","9.01"],"status":"ready","headline":"ETHZilla sells 24,291 ETH for $74.5M; plans to redeem convertible notes","event_type":"other_material","confidence":"high","bullets":["Sold 24,291 ETH for $74.5M at avg $3,068.69 per ETH.","Currently holds ~69,800 ETH on balance sheet.","Proceeds expected to redeem outstanding senior secured convertible notes.","Appointed Angela Dalton (Signum Growth CEO) and Michael Edwards as independent directors.","Board set to 7; Dalton on Audit and Compensation Chair, Edwards on Nominating."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":123647,"accession_number":"0001213900-25-122304","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2025-12-16T23:59:59+00:00","items":["5.07","8.01"],"status":"ready","headline":"ETHZ stockholders approve convertible note issuance; company plans to redeem notes by Dec 30","event_type":"other_material","confidence":"high","bullets":["Stockholders voted 9.1M for, 3.6M against to approve issuance of shares underlying convertible notes without exchange cap.","Approval allows conversion of notes into up to 125.1M shares at $3.05/share, subject to redemption.","On Dec 9, 2025, company entered Note Mandatory Redemption Agreement to repurchase notes by Dec 30.","If redeemed, the massive dilution from conversion (potential 7.8x current shares) will be avoided."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":123646,"accession_number":"0001213900-25-120107","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2025-12-10T23:59:59+00:00","items":["1.01","2.01","3.02","8.01","9.01"],"status":"ready","headline":"ETHZilla acquires 15% stake in Zippy for $19M (cash + stock); tokenization and board rights","event_type":"m_and_a","confidence":"high","bullets":["Paid $5M cash + 1,333,332 shares of ETHZ common valued at $10.50/share ($14M) for 2,905,064 Series B-3 Preferred shares of Zippy.","Additional 324,728 Zippy common shares from stockholders for 202,268 ETHZ shares; total stake 15% fully diluted.","ETHZ gets one board seat, protective provisions, and exclusive rights to tokenize up to 20% of Zippy's chattel mortgage loans on ETHZ platforms.","Zippy shares are subject to lockup with quarterly releases; true-up payment based on ETHZ stock price by June 30, 2026.","Closing occurred Dec 9, 2025; registration rights require ETHZ to file a resale S-1 within 30 days or face liquidated damages."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":123645,"accession_number":"0001213900-25-119871","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2025-12-10T23:59:59+00:00","items":["1.01","7.01","9.01"],"status":"ready","headline":"ETHZilla agrees to redeem $516M in convertible notes at 117% of principal by Dec 30, 2025","event_type":"debt","confidence":"high","bullets":["Redemption price is 117% of ~$516M aggregate principal plus accrued interest and other amounts.","Cash collateral of ~$509M and 11,375 ETH ($37.8M as of Dec 9, 2025) back the notes.","Partial payment due Dec 24, 2025; full payoff by Dec 30, 2025; notes cancelled upon payment.","CEO says redemption strengthens balance sheet and supports tokenization strategy (Karus, Zippy).","Company may use ETH liquidation or balance sheet assets to fund the remaining payment."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":123644,"accession_number":"0001213900-25-119866","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2025-12-10T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"ETHZilla acquires 15% stake in Zippy for $21.1M to tokenize manufactured home loans","event_type":"m_and_a","confidence":"high","bullets":["ETHZilla paid $5M cash + $14M common stock to Zippy + $2.1M stock to Zippy shareholders for 15% fully-diluted stake.","Deal aims to bring manufactured home loans on-chain as tokenized real-world assets, targeting $14B market.","ETHZilla to appoint a director to Zippy's board; Zippy must use Liquidity.io and Satschel platforms exclusively for 36 months.","Partnership extends ETHZilla’s RWA strategy into residential lending; prior investments include Liquidity.io and Karus."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":123643,"accession_number":"0001213900-25-117578","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2025-12-03T23:59:59+00:00","items":["1.01","2.01","3.02","7.01","9.01"],"status":"ready","headline":"ETHZilla acquires 20% stake in Karus for $10M; plans AI-driven auto loan tokenization","event_type":"m_and_a","confidence":"high","bullets":["Consideration: $3M cash + $7M in ETHZ common stock (453,721 + 181,488 shares) for 20% fully-diluted interest in Karus.","Karus AI platform trained on 20M+ auto loan outcomes; already processed $5B in loan volume.","First tokenized auto loan portfolios expected to launch in early 2026 via Liquidity.io.","For every $100M deployed in Karus token, ETHZilla expects $9-12M adjusted EBITDA.","ETHZilla to appoint a director to Karus board; shares subject to 3-6 month lock-ups."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":123642,"accession_number":"0001213900-25-116726","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2025-12-01T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"ETHZilla rescinds Nov 12 restricted stock awards to CEO and directors after shareholder feedback","event_type":"other_material","confidence":"high","bullets":["Board and Compensation Committee rescinded all restricted stock awards granted to CEO McAndrew Rudisill and each director on Nov 12, 2025, effective immediately.","No consideration was paid for the cancellations; awards are void ab initio.","CFO John Saunders' grant made on Nov 12, 2025, is unaffected by the rescission.","Board and Compensation Committee will continue to evaluate appropriate equity awards for CEO and directors."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":123641,"accession_number":"0001213900-25-114397","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2025-11-25T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"ETHZilla cancels 2.1M treasury shares repurchased at avg $22.04, outstanding reduced to 19.3M","event_type":"other_material","confidence":"high","bullets":["Cancelled 2,099,741 treasury shares previously repurchased under a board-approved program.","Shares repurchased at average price of $22.04 per share (including fees).","Total issued and outstanding shares post-cancellation: 19,301,223 as of Nov 24, 2025.","Represents approximately 9.8% reduction in outstanding share count.","No additional share repurchase authorization or guidance provided."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":123640,"accession_number":"0001213900-25-110370","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2025-11-14T23:59:59+00:00","items":["2.02","5.02","9.01"],"status":"ready","headline":"ETHZilla Q3 revenue $4.1M from staking; John Saunders named CFO","event_type":"earnings","confidence":"high","bullets":["Revenue $4.1M from ETH staking and incentives; adjusted EBITDA $8.5M; net loss $208.7M from non-cash items.","Raised ~$931M institutional capital via PIPE and convertible notes; deployed ~$257M into liquid restaking protocols.","Appointed John Saunders as CFO effective after Q3 10-Q filing; Eric Van Lent steps down as principal accounting officer.","Repurchased 2.1M shares for $46.3M under $250M authorization through Nov 13.","Guidance: positive adjusted EBITDA in Q4; RWA tokenization revenue expected in coming weeks; L2 yield 3.5%-4.5%."],"consensus_eps_estimate":null,"consensus_eps_actual":-47.2,"consensus_revenue_estimate":null,"consensus_revenue_actual":4110169.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.7,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":123639,"accession_number":"0001213900-25-103260","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2025-10-29T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"ETHZilla updates corporate presentation for ThinkEquity Conference; no new financial data disclosed.","event_type":"other_material","confidence":"low","bullets":["Investor presentation posted on company website ir.ethzilla.com on October 29, 2025.","Presentation dated as of September 30, 2025 to be used at ThinkEquity Conference on October 30, 2025.","No specific financial metrics, guidance, or operational updates provided in the filing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":123638,"accession_number":"0001213900-25-102560","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2025-10-27T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"ETHZilla sells $40mm ETH to fund share buybacks; repurchased 600k shares for $12mm since Oct 24","event_type":"other_material","confidence":"high","bullets":["Sold $40 million of ETH on Oct 24; net proceeds to be used for share repurchases.","Repurchased ~600,000 shares at ~$20 avg price since Oct 24 for ~$12 million.","Board-authorized $250 million buyback program runs through June 30, 2026.","Company still holds ~$400 million ETH on balance sheet for future initiatives.","CEO says repurchases are immediately accretive as shares trade at discount to NAV."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":123637,"accession_number":"0001213900-25-101418","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2025-10-23T23:59:59+00:00","items":["1.01","2.01","3.02","7.01","9.01"],"status":"ready","headline":"ETHZilla acquires 15% stake in Satschel for $15M in cash and stock","event_type":"m_and_a","confidence":"high","bullets":["ETHZilla invested $5 million cash and $10 million in restricted common stock for 15% of Satschel, owner of Liquidity.io ATS.","The deal grants ETHZilla exclusive rights to list Ethereum L2 tokens on Liquidity.io's regulated platform.","ETHZilla receives a board seat at Satschel and a right of first refusal on future equity offerings for five years.","Transaction closed on October 22, 2025; Satschel shares are subject to a six-month lock-up."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":123636,"accession_number":"0001213900-25-098968","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2025-10-15T23:59:59+00:00","items":["3.03","5.03","5.07","8.01","9.01"],"status":"ready","headline":"ETHZilla announces 1-for-10 reverse stock split effective Oct 20, 2025","event_type":"other_material","confidence":"high","bullets":["Reverse split at 1-for-10 ratio reduces outstanding shares from ~160M to ~16M.","Effective Oct 20, 2025 at 12:01 a.m. EDT; shares begin trading split-adjusted on Nasdaq.","Trading symbols unchanged (ETHZ for common, ETHZW for warrants).","Company states split is to attract institutional investors with stock above $10; not related to listing requirements.","Fractional shares will be cashed out based on closing price on Oct 17, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":123635,"accession_number":"0001213900-25-097483","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2025-10-08T23:59:59+00:00","items":["3.03","5.03","5.02","5.07","7.01","8.01","9.01"],"status":"ready","headline":"ETHZilla stockholders OK 5B authorized shares, equity plans, convertible issuance; Jason New joins board","event_type":"leadership","confidence":"high","bullets":["Stockholders approved increase in authorized common shares from 1B to 5B; amendment filed Oct 8.","Approved 2025 Omnibus Incentive Plan: initial 50M shares plus annual 10% evergreen through 2035.","Approved 2025 Supplemental Plans: 9,197,614 options at $2.92 and 1,814,221 at $3.01 now exercisable.","Approved convertible note issuance removing exchange cap; principal convertible into 51,229,508 shares at $3.05 per share.","Jason New appointed to board; Vice Chairman at Lazard, former co-founder of NovaWulf Management."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":140337,"accession_number":"0001213900-25-093411","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2025-09-30T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"ETHZilla discloses 102,273 ETH (≈$404M) and $569M cash as of Sep 26, 2025","event_type":"other_material","confidence":"high","bullets":["Total ETH & ETH equivalents: 102,273, valued at approx $404 million.","Cash & cash equivalents: approx $569 million.","Shares outstanding: 160,176,122.","Update provided as of September 26, 2025; further details in investor presentation."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":140326,"accession_number":"0001213900-25-091334","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K/A","filed_at":"2025-09-25T23:59:59+00:00","items":["1.01","2.03","3.02","3.03","7.01","8.01","9.01"],"status":"ready","headline":"ETHZilla issues $350M convertible notes, amends terms; reports buyback and $462M in ETH","event_type":"debt","confidence":"high","bullets":["Issued $350M New Convertible Notes on Sept 23, 2025 at 97.25% of principal; 2% interest, matures Sept 23, 2028.","Conversion price initially $3.05, subject to downward reset; notes secured by $50M ETH and ~$500M cash.","Amendment reduces Existing Notes' interest from 4% to 2%; allows staking of crypto and use of cash yields.","Repurchased ~0.5M shares at avg $2.41 from Sept 13-19 under $250M buyback program.","As of Sept 19: 102,264 ETH (~$462M), $559M cash, 1.5M protocol tokens; 160M shares outstanding."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.9,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":140336,"accession_number":"0001213900-25-089862","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2025-09-22T23:59:59+00:00","items":["1.01","2.03","3.02","3.03","7.01","8.01","9.01"],"status":"ready","headline":"ETHZilla issues $350M convertible notes, repurchases 0.5M shares in week","event_type":"debt","confidence":"high","bullets":["New $350M principal convertible notes at 2% annual interest, issued at 97.25% of face value.","Conversion price set at $3.05 per share, subject to downward reset; existing notes interest reduced from 4% to 2%.","Notes secured by $50M in Ether and ~$500M in cash; maturity date August 8, 2028.","Company repurchased ~0.5M shares at avg $2.41 during week ending Sept 20, total Sept repurchases ~6.45M shares.","As of Sept 19: ETH holdings 102,264 (~$462M), cash equivalents ~$559M, total shares outstanding 160.2M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.85,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":140335,"accession_number":"0001213900-25-089546","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2025-09-19T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"ETHZilla director Stephen Shoemaker resigns; CEO Rudisill enters new employment agreement","event_type":"leadership","confidence":"high","bullets":["Stephen H. Shoemaker resigned from the board on Sept 15, 2025, not due to any disagreement with the company.","Options to purchase 165,000 shares at $0.929 per share extended to June 17, 2035 upon Shoemaker's resignation.","Shoemaker entered a 3-month consulting agreement for $29,166.66/month, paid in stock and cash.","CEO McAndrew Rudisill signed an Executive Employment Agreement with base salary of $450,000/year.","Rudisill is eligible for a change of control payment equal to 2% of market cap or enterprise value, and severance of 2x salary after 12 months."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":140334,"accession_number":"0001213900-25-087425","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2025-09-15T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"ETHZilla updates on $250M buyback, draws $50M from ETH-backed facility, holds 102K ETH","event_type":"other_material","confidence":"high","bullets":["Board authorized $250M stock repurchase program on Aug 22, 2025; repurchased ~6.0M shares in Sep at avg $2.50/share.","Entered OTC facility with Cumberland DRW for up to $80M collateralized by ETH; drew $50M on Sep 8 to fund buybacks.","Total ETH & ETH equivalents: 102,255 units valued at ~$460M (avg acquisition price $3,948.72).","Holds ~$228M in USD cash equivalents; total treasury value ~$690M as of Sep 12, 2025.","Deploying ETH into L2 staking protocols; minted first EtherFi ETH, targeting compounded yield for NAV growth."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":140333,"accession_number":"0001213900-25-085321","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2025-09-08T23:59:59+00:00","items":["1.01","2.03","7.01","8.01","9.01"],"status":"ready","headline":"ETHZilla secures $80M collateralized ETH loan, appoints McAndrew Rudisill CEO","event_type":"other_material","confidence":"high","bullets":["Entered $80M OTC transaction with Cumberland DRW at 9.90% forward rate, collateralized by ~$125M ETH, settlement Dec 8, 2025.","Proceeds to fund $250M stock repurchase program; 2.2M shares repurchased at avg $2.50 (1.3% reduction).","Total ETH holdings: 102,246 ETH at avg acquisition price $3,948.72, valued at ~$443M; USD cash equivalents ~$213M.","McAndrew Rudisill appointed CEO, continuing as Chairman, succeeding Blair Jordan effective Sept 4, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":140332,"accession_number":"0001213900-25-085041","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2025-09-05T23:59:59+00:00","items":["1.01","5.02","1.02","8.01","9.01"],"status":"ready","headline":"CEO Blair Jordan resigns; McAndrew Rudisill appointed CEO; $1.35M separation cash payment","event_type":"leadership","confidence":"high","bullets":["Blair Jordan resigned as CEO, director and Secretary effective Sept 4, 2025; replaced by Executive Chairman McAndrew Rudisill.","Separation agreement provides $1.35M cash payment to Jordan, transfer of Volaro domain; option vesting subject to shareholder approval.","Prior consulting agreement and voting agreement with James Woody terminated; no material early termination penalties.","Company entered $60,000 SOW with EVL Consulting (controlled by CAO Eric Van Lent) for cloud accounting software implementation."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":140331,"accession_number":"0001213900-25-082917","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2025-09-02T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"ETHZilla to deploy $100M in ETH to EtherFi for liquid restaking; holds 102,246 ETH (~$456M)","event_type":"other_material","confidence":"high","bullets":["Plans to deploy ~$100M of ETH to EtherFi, a liquid restaking protocol, to generate higher yields on treasury holdings.","Total ETH & equivalents held: 102,246 (avg cost $3,948.72), valued at ~$456M as of Aug 31, 2025.","U.S. dollar cash equivalents: ~$221M; shares outstanding: 166,626,845 as of Sept 1, 2025.","Cancelled 1,318,000 shares held by Elray Resources per settlement agreement for aggregate $1M.","ATM shares issued during week ending Aug 31: 2.4M shares, net proceeds $7.3M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":140330,"accession_number":"0001213900-25-080111","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2025-08-25T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"ETHZilla authorizes $250M stock buyback; holds 102,237 ETH ($489M) as of Aug 24","event_type":"other_material","confidence":"high","bullets":["Board authorized up to $250M stock repurchase program, effective immediately, expiring June 30, 2026 or earlier if fully utilized or discontinued.","Company holds 102,237 ETH at avg acquisition price of $3,948.72, valued at ~$489M; plus ~$215M in cash equivalents.","Outstanding shares: 165,478,655 as of Aug 22, 2025, including 1,318,000 shares subject to cancellation.","Newly purchased ETH will be staked via Electric Capital's proprietary Electric Asset Protocol to generate yield."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":140329,"accession_number":"0001213900-25-080048","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2025-08-25T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"ETHZilla enters up to $10B ATM equity sales agreement with Clear Street LLC","event_type":"other_material","confidence":"high","bullets":["Up to $10.0 billion of common stock may be sold at-the-market through Clear Street as agent","Prior ATM raised ~$34.4M gross from 5,001,310 shares; Agent fee 3.0% of gross sales","Company completed $425M private placement (Aug 4) and $156.25M convertible notes (Aug 8) with Clear Street","New Sales Agreement replaces Aug 13, 2025 agreement; no obligation to sell any shares"],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.9,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":140328,"accession_number":"0001213900-25-079087","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2025-08-21T23:59:59+00:00","items":["3.02"],"status":"ready","headline":"ETHZilla issues 1.94M shares on exercise of pre-funded warrants at $0.0001/share","event_type":"other_material","confidence":"high","bullets":["On Aug 14, 2025, warrants for 1,658 shares at $2.65 exercised for cash.","On Aug 19, 2025, pre-funded warrants for 1,940,112 shares at $0.0001 exercised; shares being issued.","Total shares issued ~1,941,770; exercises exempt under Section 4(a)(2) for accredited investors.","Pre-funded warrant exercise at near-zero price implies substantial dilution for existing holders."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":140325,"accession_number":"0001213900-25-079088","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K/A","filed_at":"2025-08-21T23:59:59+00:00","items":["3.02","1.01","2.03","5.02","3.03","7.01","8.01","9.01"],"status":"ready","headline":"ETHZilla enters $156.25M convertible note deal with institutional investor","event_type":"debt","confidence":"high","bullets":["ETHZilla issued $156.25M senior secured convertible notes at 96% of principal to an institutional investor, closing Aug 8, 2025.","Notes bear 0% interest for 6 months, then 4% annually, secured by $44.5M in Ether and $156.25M in cash.","Conversion price set at $3.445 per share, subject to one-time downward reset after nine months; investor may require redemption.","Company granted additional warrants to purchase 9,071,110 shares at $3.445 to strategic advisors, including to chairman's firm.","McAndrew Rudisill appointed Executive Chairman; Board adopted 2025 Second Supplemental Option Incentive Plan reserving 1,814,221 shares."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.9,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":140327,"accession_number":"0001213900-25-077719","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2025-08-18T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"180 Life Sciences rebrands as ETHZilla, begins trading under ETHZ, holds $419M in Ether","event_type":"other_material","confidence":"high","bullets":["Name change from 180 Life Sciences Corp. to ETHZilla Corp. effective Aug 18; tickers ETHZ and ETHZW replace ATNF and ATNFW on Nasdaq.","Company raised ~$565M in gross proceeds from PIPE ($425M) and convertible note ($156.25M).","Acquired 94,675 ETH at avg. $3,902.20, now valued at ~$419M; holds ~$187M USD cash equivalents.","Electric Capital appointed external asset manager for on-chain yield strategy targeting outperformance of ETH staking.","Over 60 institutional and crypto-native investors participated, including Harbour Island, Polychain Capital, and Ethereum ecosystem founders."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.8,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":140324,"accession_number":"0001213900-25-077692","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K/A","filed_at":"2025-08-18T23:59:59+00:00","items":["1.01","3.02","8.01","3.20","5.02","7.01","9.01"],"status":"ready","headline":"ETHZilla closes $2.65/share private placement, issues ~144M shares; appoints new directors","event_type":"other_material","confidence":"high","bullets":["Private Placement closed at $2.65/share: 143.9M shares + 17.5M pre-funded warrants sold to institutional investors.","Total shares outstanding post-closing: 155.1M; 1.3M shares to be repurchased and cancelled per settlement agreement.","Company entered Asset Management Agreement with Electric Treasury Edge LLC to execute digital asset treasury strategy.","Director Lawrence Steinman resigned effective Aug 4; Andrew Suckling and Crystal Heter appointed as new Class I directors.","Board set at six members; Company plans to add Jason New as seventh director subject to stockholder approval."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.85,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":140323,"accession_number":"0001213900-25-075972","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2025-08-14T23:59:59+00:00","items":["1.01","3.02","9.01"],"status":"ready","headline":"180 Life Sciences enters $500M at-the-market stock sale agreement with Clear Street","event_type":"other_material","confidence":"high","bullets":["Entered into Sales Agreement with Clear Street LLC to sell up to $500M of common stock in ATM offerings.","Agent commission capped at 3.0% of gross proceeds; Company may suspend or terminate with 10 days' notice.","On Aug 11, 2025, warrants for 1,749 shares at $2.65 and 100,000 shares at $2.28 were exercised for cash.","Company recently closed a $425M private placement of common stock and pre-funded warrants on Aug 4, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":140322,"accession_number":"0001213900-25-075707","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2025-08-13T23:59:59+00:00","items":["3.02","5.03","8.01","9.01"],"status":"ready","headline":"180 Life Sciences to rename as ETHZilla Corp, tickers to ETHZ/ETHZW on Aug 18","event_type":"other_material","confidence":"high","bullets":["Warrant exercises Aug 8-13 raise ~$4.5M from ~2.44M shares at $1.50-$2.65 per share.","Name change to ETHZilla Corporation effective Aug 18, 2025; board-approved, no stockholder vote required.","New Nasdaq tickers: common stock changes to ETHZ, warrants to ETHZW on Aug 18.","New corporate website launched: www.ETHZilla.com for investor relations and filings.","Name change does not affect security holder rights; CUSIP unchanged."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":140321,"accession_number":"0001213900-25-074637","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2025-08-12T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"180 Life Sciences (dba ETHZilla) holds 82,186 ETH valued at $349M, launches institutional ETH accumulation strategy","event_type":"other_material","confidence":"high","bullets":["As of Aug 11, 2025, holds 82,186 ETH ($349M) at avg cost $3,806.71; also $238M in cash equivalents.","Purchases funded by proceeds from recent private PIPE and convertible note offerings.","Company plans to rebrand as ETHZilla Corporation; partnering with Electric Capital for on-chain yield generation.","ETH will be staked long-term to Electric Capital's proprietary Ethereum strategies to generate yield."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.85,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":140320,"accession_number":"0001213900-25-074030","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2025-08-11T23:59:59+00:00","items":["1.01","2.03","3.02","5.02","3.03","7.01","8.01","9.01"],"status":"ready","headline":"180 Life Sciences closes $150M convertible note financing; appoints Executive Chairman","event_type":"debt","confidence":"high","bullets":["Issued $156.25M senior secured convertible notes at 96% of par; conversion price $3.445, subject to reset after 9 months.","Notes bear 0% interest for 6 months, then 4% p.a., rising to 18% upon default; secured by $44.5M ETH and $156.25M cash.","Appointed McAndrew Rudisill as Executive Chairman; Board formed Investment Committee to oversee digital assets.","Granted additional warrants to strategic advisors for 9.07M shares at $3.445; stock options awarded to CEO, Lead Director, and others.","Company plans to seek stockholder approval for share issuance and option plan within 12 months."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.8,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":140319,"accession_number":"0001213900-25-072065","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2025-08-05T23:59:59+00:00","items":["1.01","3.02","8.01","3.20","5.02","7.01","9.01"],"status":"ready","headline":"180 Life Sciences closes $425M private placement to fund Ethereum treasury strategy","event_type":"other_material","confidence":"high","bullets":["Raised $425M gross via PIPE at $2.65 per share; closed Aug 4, 2025.","Proceeds to buy ETH and implement on-chain yield generation via staking, lending, liquidity.","Board reshuffled: McAndrew Rudisill appointed Chairman; independent directors Crystal Heter and Andrew Suckling added.","Dr. Lawrence Steinman resigned as director effective Aug 4, no disagreement.","Company also exploring up to $150M fixed-income securities offering, subject to definitive docs."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.8,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":140318,"accession_number":"0001213900-25-068930","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2025-07-30T23:59:59+00:00","items":["1.01","3.02","5.02","5.01","7.01","8.01","9.01"],"status":"ready","headline":"180 Life Sciences raises ~$470M equity, enters crypto treasury; Elray loses control","event_type":"other_material","confidence":"high","bullets":["Private placement of 160.4M shares at $2.65 plus pre-funded warrants for 16.8M shares; expected to close Aug 1, 2025.","Proceeds to fund $500k in management bonuses, operating expenses, Ethereum purchases, and crypto treasury (up to $10M).","Asset management agreement with Electric Treasury Edge: 2% annual fee (min $2M/year) for majority of proceeds under ETH strategy.","Upon closing, Elray Resources (35.8% holder) will cease to be controlling stockholder; no singular controlling stockholder expected.","Amendments to prior SPAs reduce existing warrant exercise price to $2.65; Elray cashless exercise yields 1.32M new shares."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":140317,"accession_number":"0001213900-25-067354","cik":1690080,"company_name":"FORUM MARKETS Inc","ticker":"FRMM","form_type":"8-K","filed_at":"2025-07-24T23:59:59+00:00","items":["3.03","5.03","5.02","5.07","9.01"],"status":"ready","headline":"180 Life Sciences Stockholders Approve Increase in Authorized Shares and Equity Plan Amendments","event_type":"other_material","confidence":"high","bullets":["Stockholders approved increase in authorized common stock from 100M to 1B shares on July 24, 2025.","Fourth Amendment to 2022 Omnibus Incentive Plan approved, raising initial share limit to 5M with annual increases.","2025 Option Incentive Plan approved, granting 1M shares in non-qualified stock options.","Advisory vote on executive compensation and reverse stock split authorization (1:4 to 1:40) also approved.","Class I directors Lawrence Steinman and Stephen Shoemaker were elected at the annual meeting."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":"2025-07-24T23:59:59+00:00|140317"}