---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-098968"
form_type: "8-K"
ticker: "FRMM"
cik: "0001690080"
company_name: "FORUM MARKETS Inc"
filed_at: "2025-10-15T23:59:59+00:00"
generated_at: "2026-05-17T03:45:16.610547+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-25-098968
- form_type: 8-K
- ticker: FRMM
- cik: 0001690080
- company_name: FORUM MARKETS Inc
- filed_at: 2025-10-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.03, 5.03, 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1690080/000121390025098968/0001213900-25-098968-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1690080/000121390025098968/ea0261267-8k_ethzilla.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-098968
- JSON: https://secwatch.observer/filing/0001213900-25-098968.json
- Plain text: https://secwatch.observer/filing/0001213900-25-098968.txt

## Key facts
- Governance Changes
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1690080/000121390025098968/0001213900-25-098968-index.htm

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