{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-079087","form_type":"8-K","ticker":"FRMM","cik":"0001690080","company_name":"FORUM MARKETS Inc","filed_at":"2025-08-21T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.670471+00:00","generated_at":"2026-05-17T10:54:02.616504+00:00","sec_items":["3.02"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"ETHZilla issues 1.94M shares on exercise of pre-funded warrants at $0.0001/share","bullets":["On Aug 14, 2025, warrants for 1,658 shares at $2.65 exercised for cash.","On Aug 19, 2025, pre-funded warrants for 1,940,112 shares at $0.0001 exercised; shares being issued.","Total shares issued ~1,941,770; exercises exempt under Section 4(a)(2) for accredited investors.","Pre-funded warrant exercise at near-zero price implies substantial dilution for existing holders."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-079087","json":"https://secwatch.observer/filing/0001213900-25-079087.json","markdown":"https://secwatch.observer/filing/0001213900-25-079087.md","text":"https://secwatch.observer/filing/0001213900-25-079087.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1690080/000121390025079087/0001213900-25-079087-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1690080/000121390025079087/ea0254067-8k_ethzilla.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T10:54:02.616504+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}