secwatch.observer — SEC 8-K summary
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Issuer:     FORUM MARKETS Inc (FRMM)
CIK:        0001690080
Form:       8-K
Filed at:   2025-09-02T23:59:59+00:00
Accession:  0001213900-25-082917
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ETHZilla to deploy $100M in ETH to EtherFi for liquid restaking; holds 102,246 ETH (~$456M)
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- Plans to deploy ~$100M of ETH to EtherFi, a liquid restaking protocol, to generate higher yields on treasury holdings.
- Total ETH & equivalents held: 102,246 (avg cost $3,948.72), valued at ~$456M as of Aug 31, 2025.
- U.S. dollar cash equivalents: ~$221M; shares outstanding: 166,626,845 as of Sept 1, 2025.
- Cancelled 1,318,000 shares held by Elray Resources per settlement agreement for aggregate $1M.
- ATM shares issued during week ending Aug 31: 2.4M shares, net proceeds $7.3M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1690080/000121390025082917/0001213900-25-082917-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1690080/000121390025082917/ea0255415-8k_ethzilla.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-082917

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer