ETHZilla announces 1-for-10 reverse stock split effective Oct 20, 2025

FORUM MARKETS Inc

Reverse split at 1-for-10 ratio reduces outstanding shares from ~160M to ~16M.
Effective Oct 20, 2025 at 12:01 a.m. EDT; shares begin trading split-adjusted on Nasdaq.
Trading symbols unchanged (ETHZ for common, ETHZW for warrants).
Company states split is to attract institutional investors with stock above $10; not related to listing requirements.
Fractional shares will be cashed out based on closing price on Oct 17, 2025.

item 3.03 item 5.03 item 5.07 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

FORUM MARKETS Inc: Certificate of Amendment to Second Amended and Restated Certificate of Incorporation to effect a 1-for-10 reverse stock split (effective 2025-10-20).

Change: charter amendment
Effective: 2025-10-20

Exact text from the filing

On October 14, 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 effect the Reverse Stock Split.

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Source: SEC EDGAR

accession 0001213900-25-098968

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