secwatch.observer — SEC 8-K summary
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Issuer:     FORUM MARKETS Inc (FRMM)
CIK:        0001690080
Form:       8-K
Filed at:   2024-10-03T23:59:59+00:00
Accession:  0001213900-24-084859
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 5.03, 2.01, 3.02, 3.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

180 Life Sciences acquires blockchain casino IP; issues Series B Preferred and warrants; Nasdaq extension
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- Acquired blockchain casino IP from Elray for 1M Series B Preferred shares ($17.3M liquidation preference) and warrants for 3M shares at $1.68.
- Series B Preferred converts after stockholder approval to 40% of outstanding common (max 10M shares); no conversion or dividends until then.
- Warrants have 7-year term, cashless exercise; exercise contingent on stockholder approval.
- Nasdaq extended compliance deadline to Oct 15, 2024; company believes it regained Equity Rule compliance via acquisition.
- Company will seek stockholder approval for conversion shares and warrant shares; proxy statement to be filed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1690080/000121390024084859/0001213900-24-084859-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1690080/000121390024084859/ea0216403-8k_180life.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-084859

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