---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-097483"
form_type: "8-K"
ticker: "FRMM"
cik: "0001690080"
company_name: "FORUM MARKETS Inc"
filed_at: "2025-10-08T23:59:59+00:00"
generated_at: "2026-05-17T04:19:26.896265+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ETHZilla stockholders OK 5B authorized shares, equity plans, convertible issuance; Jason New joins board

## Summary
- Stockholders approved increase in authorized common shares from 1B to 5B; amendment filed Oct 8.
- Approved 2025 Omnibus Incentive Plan: initial 50M shares plus annual 10% evergreen through 2035.
- Approved 2025 Supplemental Plans: 9,197,614 options at $2.92 and 1,814,221 at $3.01 now exercisable.
- Approved convertible note issuance removing exchange cap; principal convertible into 51,229,508 shares at $3.05 per share.
- Jason New appointed to board; Vice Chairman at Lazard, former co-founder of NovaWulf Management.

## SEC filing metadata
- accession: 0001213900-25-097483
- form_type: 8-K
- ticker: FRMM
- cik: 0001690080
- company_name: FORUM MARKETS Inc
- filed_at: 2025-10-08T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.03, 5.03, 5.02, 5.07, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1690080/000121390025097483/0001213900-25-097483-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1690080/000121390025097483/ea0260653-8k_ethzilla.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-097483
- JSON: https://secwatch.observer/filing/0001213900-25-097483.json
- Plain text: https://secwatch.observer/filing/0001213900-25-097483.txt

## Key facts
- Governance Changes
  FORUM MARKETS Inc: Increased authorized shares of common stock from 1,000,000,000 to 5,000,000,000 via Certificate of Amendment to Second Amended and Restated Certificate of Incorporation (effective 2025-10-08).
  - Change: charter amendment
  - Effective: 2025-10-08
  source text: On October 8, 2025, we filed a Certificate of Amendment to our Second Amended and Restated Certificate of Incorporation, as amended (the “ Certificate of Amendment ”) with the Secretary of State of the State of Delaware to increase the Company’s authorized number of shares of common stock, par value $0.0001 per share from one billion (1,000,000,000) shares to five billion (5,000,000,000) shares, which became effective when filed on October 8, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1690080/000121390025097483/0001213900-25-097483-index.htm

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