---
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"
generated_at: "2026-05-28T18:28:49.684440+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Stockholders approve Series B conversion; Elray gains 36.3% voting control; OIP limit raised

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 3.03, 5.01, 5.02, 8.01, 5.07, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-000398
- JSON: https://secwatch.observer/filing/0001213900-25-000398.json
- Plain text: https://secwatch.observer/filing/0001213900-25-000398.txt

## Key facts
- M&A Transactions
  FORUM MARKETS Inc underwent a change of control involving Elray Resources, Inc. (closed 2024-12-27).
  - Action: change of control
  - Counterparty: Elray Resources, Inc.
  - Closing: 2024-12-27
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1690080/000121390025000398/0001213900-25-000398-index.htm

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