---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-077692"
form_type: "8-K/A"
ticker: "FRMM"
cik: "0001690080"
company_name: "FORUM MARKETS Inc"
filed_at: "2025-08-18T23:59:59+00:00"
generated_at: "2026-05-17T11:57:46.964516+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# ETHZilla closes $2.65/share private placement, issues ~144M shares; appoints new directors

## Summary
- Private Placement closed at $2.65/share: 143.9M shares + 17.5M pre-funded warrants sold to institutional investors.
- Total shares outstanding post-closing: 155.1M; 1.3M shares to be repurchased and cancelled per settlement agreement.
- Company entered Asset Management Agreement with Electric Treasury Edge LLC to execute digital asset treasury strategy.
- Director Lawrence Steinman resigned effective Aug 4; Andrew Suckling and Crystal Heter appointed as new Class I directors.
- Board set at six members; Company plans to add Jason New as seventh director subject to stockholder approval.

## SEC filing metadata
- accession: 0001213900-25-077692
- form_type: 8-K/A
- ticker: FRMM
- cik: 0001690080
- company_name: FORUM MARKETS Inc
- filed_at: 2025-08-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- 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/1690080/000121390025077692/0001213900-25-077692-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1690080/000121390025077692/ea0253637-8ka1_ethzilla.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-077692
- JSON: https://secwatch.observer/filing/0001213900-25-077692.json
- Plain text: https://secwatch.observer/filing/0001213900-25-077692.txt

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