{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-087425","form_type":"8-K","ticker":"FRMM","cik":"0001690080","company_name":"FORUM MARKETS Inc","filed_at":"2025-09-15T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.672180+00:00","generated_at":"2026-05-17T06:38:44.920679+00:00","sec_items":["7.01","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"ETHZilla updates on $250M buyback, draws $50M from ETH-backed facility, holds 102K ETH","bullets":["Board authorized $250M stock repurchase program on Aug 22, 2025; repurchased ~6.0M shares in Sep at avg $2.50/share.","Entered OTC facility with Cumberland DRW for up to $80M collateralized by ETH; drew $50M on Sep 8 to fund buybacks.","Total ETH & ETH equivalents: 102,255 units valued at ~$460M (avg acquisition price $3,948.72).","Holds ~$228M in USD cash equivalents; total treasury value ~$690M as of Sep 12, 2025.","Deploying ETH into L2 staking protocols; minted first EtherFi ETH, targeting compounded yield for NAV growth."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-087425","json":"https://secwatch.observer/filing/0001213900-25-087425.json","markdown":"https://secwatch.observer/filing/0001213900-25-087425.md","text":"https://secwatch.observer/filing/0001213900-25-087425.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1690080/000121390025087425/0001213900-25-087425-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1690080/000121390025087425/ea0257334-8k_ethzilla.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T06:38:44.920679+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"}