---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-072065"
form_type: "8-K"
ticker: "FRMM"
cik: "0001690080"
company_name: "FORUM MARKETS Inc"
filed_at: "2025-08-05T23:59:59+00:00"
generated_at: "2026-05-17T20:48:19.844105+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# 180 Life Sciences closes $425M private placement to fund Ethereum treasury strategy

## Summary
- Raised $425M gross via PIPE at $2.65 per share; closed Aug 4, 2025.
- Proceeds to buy ETH and implement on-chain yield generation via staking, lending, liquidity.
- Board reshuffled: McAndrew Rudisill appointed Chairman; independent directors Crystal Heter and Andrew Suckling added.
- Dr. Lawrence Steinman resigned as director effective Aug 4, no disagreement.
- Company also exploring up to $150M fixed-income securities offering, subject to definitive docs.

## SEC filing metadata
- accession: 0001213900-25-072065
- form_type: 8-K
- ticker: FRMM
- cik: 0001690080
- company_name: FORUM MARKETS Inc
- filed_at: 2025-08-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 3.20, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1690080/000121390025072065/0001213900-25-072065-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1690080/000121390025072065/ea0251165-8k_180life.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-072065
- JSON: https://secwatch.observer/filing/0001213900-25-072065.json
- Plain text: https://secwatch.observer/filing/0001213900-25-072065.txt

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