{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-085321","form_type":"8-K","ticker":"FRMM","cik":"0001690080","company_name":"FORUM MARKETS Inc","filed_at":"2025-09-08T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.671899+00:00","generated_at":"2026-05-17T07:37:59.255206+00:00","sec_items":["1.01","2.03","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"ETHZilla secures $80M collateralized ETH loan, appoints McAndrew Rudisill CEO","bullets":["Entered $80M OTC transaction with Cumberland DRW at 9.90% forward rate, collateralized by ~$125M ETH, settlement Dec 8, 2025.","Proceeds to fund $250M stock repurchase program; 2.2M shares repurchased at avg $2.50 (1.3% reduction).","Total ETH holdings: 102,246 ETH at avg acquisition price $3,948.72, valued at ~$443M; USD cash equivalents ~$213M.","McAndrew Rudisill appointed CEO, continuing as Chairman, succeeding Blair Jordan effective Sept 4, 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-085321","json":"https://secwatch.observer/filing/0001213900-25-085321.json","markdown":"https://secwatch.observer/filing/0001213900-25-085321.md","text":"https://secwatch.observer/filing/0001213900-25-085321.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1690080/000121390025085321/0001213900-25-085321-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1690080/000121390025085321/ea0256312-8k_ethzilla.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T07:37:59.255206+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"}