8-K
filed February 16, 2024, 6:59 PM ET
ticker FRMM
CIK 0001690080
other material
confidence high
sentiment neutral
materiality 0.70
ATNF shareholders approve reverse stock split, expand equity plan, enable warrant exercise
FORUM MARKETS Inc
- Reverse stock split authorized at ratio between 1:4 and 1:40, exact ratio to be set later by Board.
- Omnibus Incentive Plan share limit increased from 470,000 to 4,249,933 shares after stockholder approval.
- Warrants to purchase up to 4,886,878 shares at $0.0001 and 18,128,196 shares at $0.17 are now exercisable.
- Proposal to issue shares at less than Nasdaq minimum price approved by 77.2% of votes cast.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
FORUM MARKETS Inc: Stockholders approved the Second Amendment to the 180 Life Sciences Corp. 2022 Omnibus Incentive Plan, increasing the maximum number of shares available for issuance from 470,000 to 4,249,933 shares (effective 2024-02-16).
- Effective
- 2024-02-16
Exact text from the filing
The Second Amendment became effective at the time of stockholder approval.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
FORUM MARKETS Inc shareholders approved Approval of the adjournment of the Special Meeting, if necessary, to solicit additional proxies if there are not sufficient votes at the time of the Special Meeting to approve Proposal Nos. 1 and 3 above at the 2024-02-16 meeting.
- Outcome
- passed
- Meeting
- 2024-02-16
Exact text from the filing
Proposal No. 4: Approval of the adjournment of the Special Meeting, if necessary, to solicit additional proxies if there are not sufficient votes at the time of the Special Meeting to approve Proposal Nos. 1 and 3 above
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
FORUM MARKETS Inc shareholders approved Approval of an amendment to our Second Amended and Restated Certificate of Incorporation, as amended, to effect a reverse stock split of our issued and outstanding shares of our common stock, par value $0.0001 per share, by a ratio of between one-for-four to one-for-forty, inclusive at the 2024-02-16 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2024-02-16
Exact text from the filing
Proposal No. 1: Approval of an amendment to our Second Amended and Restated Certificate of Incorporation, as amended, to effect a reverse stock split of our issued and outstanding shares of our common stock, par value $0.0001 per share, by a ratio of between one-for-four to one-for-forty, inclusive, with the exact ratio to be set at a whole number to be determined by our Board of Directors or a duly authorized committee thereof in its discretion, at any time after approval of the amendment and prior to February 16, 2025
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
FORUM MARKETS Inc shareholders approved Approval of the adoption of the Second Amendment to the 180 Life Sciences Corp. 2022 Omnibus Incentive Plan at the 2024-02-16 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2024-02-16
Exact text from the filing
Proposal No. 2: Approval of the adoption of the Second Amendment to the 180 Life Sciences Corp. 2022 Omnibus Incentive Plan
View on SEC.gov
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