---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-087933"
form_type: "8-K"
ticker: "FRMM"
cik: "0001690080"
company_name: "FORUM MARKETS Inc"
filed_at: "2023-11-16T23:59:59+00:00"
generated_at: "2026-06-08T01:17:35.268195+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# 180 Life Sciences gets Nasdaq extension to Dec 15 for Rule 5635(d) compliance; new equity deficiency notice

## Summary
- Nasdaq granted extension until Dec 15, 2023 to complete transactions to comply with Listing Rule 5635(d) regarding shareholder approval.
- On Nov 15, 2023, Nasdaq notified noncompliance with minimum $2.5M stockholders' equity; company had ($149,327) deficit as of Sept 30, 2023.
- Company must submit equity compliance plan by Jan 2, 2024; if accepted, may get up to 180 days extension.
- Company also noncompliant with bid price rule and Rule 5635(d); failure could lead to delisting with appeal rights.

## SEC filing metadata
- accession: 0001213900-23-087933
- form_type: 8-K
- ticker: FRMM
- cik: 0001690080
- company_name: FORUM MARKETS Inc
- filed_at: 2023-11-16T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1690080/000121390023087933/0001213900-23-087933-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1690080/000121390023087933/ea188599-8k_180life.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-087933
- JSON: https://secwatch.observer/filing/0001213900-23-087933.json
- Plain text: https://secwatch.observer/filing/0001213900-23-087933.txt

## Key facts
- Listing & Compliance Notices
  FORUM MARKETS Inc received a nasdaq noncompliance notice notice regarding stockholders equity (rules 5550(b)(1)).
  - Exchange: nasdaq
  - Notice: noncompliance notice
  - Deficiency: stockholders equity
  - Rules: 5550(b)(1)
  source text: November 15, 2023, the Company received a letter from Nasdaq notifying the Company that its stockholders’ equity as reported in its Quarterly Report on Form 10-Q for the period ending September 30, 2023 (the “ Form 10-Q ”), did not meet the minimum stockholders’ equity requirement for continued listing on the Nasdaq Capital Market. Nasdaq Listing Rule 5550(b)(1) requires companies listed on the Nasdaq Capital Market to maintain stockholders’ equity of at least $2,500,000. In the Company’s Form 10-Q, the Company reported a stockholders’ deficit of ($149,327), which is below the minimum stockhol
  evidence_url: https://www.sec.gov/Archives/edgar/data/1690080/000121390023087933/0001213900-23-087933-index.htm
- Listing & Compliance Notices
  FORUM MARKETS Inc received a nasdaq noncompliance notice notice regarding shareholders (rules 5635(d)).
  - Exchange: nasdaq
  - Notice: noncompliance notice
  - Deficiency: shareholders
  - Rules: 5635(d)
  source text: October 11, 2023, the Company received written notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“ Nasdaq ”) notifying the Company that it was not in compliance with the shareholder approval requirements set forth in Nasdaq Listing Rule 5635(d), which requires prior shareholder approval for transactions, other than public offerings, involving the issuance of 20% or more of the pre-transaction shares outstanding at less than the applicable Minimum Price (as defined in Listing Rule 5635(d)(1)(A)). The Staff’s determination under Listing Rule 5635(d) related to the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1690080/000121390023087933/0001213900-23-087933-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.