{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-000398","form_type":"8-K/A","ticker":"FRMM","cik":"0001690080","company_name":"FORUM MARKETS Inc","filed_at":"2025-01-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.456536+00:00","generated_at":"2026-05-28T18:28:49.684440+00:00","sec_items":["3.03","5.01","5.02","8.01","5.07","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Stockholders approve Series B conversion; Elray gains 36.3% voting control; OIP limit raised","bullets":["Series B preferred stockholders get 1.813 votes per share; Elray Resources holds 36.3% of total voting power.","Filing shows conflicting conversion ratios: 1.813 common per share (Item 5.01) vs 1.318 common per share (Item 8.01).","Warrants for up to 3 million shares at $1.68 per share now exercisable.","OIP share reserve increased from 223,679 to 1,000,000 shares by stockholder-approved amendment."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-000398","json":"https://secwatch.observer/filing/0001213900-25-000398.json","markdown":"https://secwatch.observer/filing/0001213900-25-000398.md","text":"https://secwatch.observer/filing/0001213900-25-000398.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1690080/000121390025000398/0001213900-25-000398-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1690080/000121390025000398/ea0226552-8ka1_180life.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T18:28:49.684440+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f472e991410487ad671ca4f03a515095781731d6","claim":"FORUM MARKETS Inc underwent a change of control involving Elray Resources, Inc. (closed 2024-12-27).","evidence_excerpt":"As a result of the voting rights associated with the Series B Convertible Preferred Stock, effective on December 27, 2024, Elray Resources, Inc., the holder of all 1,000,000 outstanding shares of Series B Convertible Preferred Stock, obtained the right to vote 1,813,000 total voting shares pursuant to its ownership of the Series B Convertible Preferred Stock, on all stockholder matters, representing 36.3% of the Company’s outstanding voting shares","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1690080/000121390025000398/0001213900-25-000398-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"change of control"},{"label":"Counterparty","value":"Elray Resources, Inc."},{"label":"Closing","value":"2024-12-27"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}