{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-074030","form_type":"8-K","ticker":"FRMM","cik":"0001690080","company_name":"FORUM MARKETS Inc","filed_at":"2025-08-11T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.668103+00:00","generated_at":"2026-05-17T15:32:04.738751+00:00","sec_items":["1.01","2.03","3.02","5.02","3.03","7.01","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"180 Life Sciences closes $150M convertible note financing; appoints Executive Chairman","bullets":["Issued $156.25M senior secured convertible notes at 96% of par; conversion price $3.445, subject to reset after 9 months.","Notes bear 0% interest for 6 months, then 4% p.a., rising to 18% upon default; secured by $44.5M ETH and $156.25M cash.","Appointed McAndrew Rudisill as Executive Chairman; Board formed Investment Committee to oversee digital assets.","Granted additional warrants to strategic advisors for 9.07M shares at $3.445; stock options awarded to CEO, Lead Director, and others.","Company plans to seek stockholder approval for share issuance and option plan within 12 months."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-074030","json":"https://secwatch.observer/filing/0001213900-25-074030.json","markdown":"https://secwatch.observer/filing/0001213900-25-074030.md","text":"https://secwatch.observer/filing/0001213900-25-074030.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1690080/000121390025074030/0001213900-25-074030-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1690080/000121390025074030/ea0252396-8k_180life.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T15:32:04.738751+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":"407164bc1639c579d0e3d8518b3fc9ad56eea4b6","claim":"FORUM MARKETS Inc incurred convertible notes of aggregate principal amount of $156,250,000 with investment funds managed by an institutional investor at 0.00% per annum for the first six months, and 4.00% per annum for the following maturing the third year anniversary of the issuance date of the Convertible Notes.","evidence_excerpt":"“ Investor ”), under which the Company agreed to sell and issue to the Investor senior secured convertible notes (the “ Convertible Notes ”) in aggregate principal amount of $156,250,000 (the “ Principal Amount ”) in exchange for cash equal to 96.0% of the Principal Amount (the “ Debt Financing ”). The Company closed the Debt Financing simultaneously with the","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1690080/000121390025074030/0001213900-25-074030-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"aggregate principal amount of $156,250,000"},{"label":"Counterparty","value":"investment funds managed by an institutional investor"},{"label":"Rate","value":"0.00% per annum for the first six months, and 4.00% per annum for the following"},{"label":"Maturity","value":"the third year anniversary of the issuance date of the Convertible Notes"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}