---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-102560"
form_type: "8-K"
ticker: "FRMM"
cik: "0001690080"
company_name: "FORUM MARKETS Inc"
filed_at: "2025-10-27T23:59:59+00:00"
generated_at: "2026-05-17T02:11:51.582986+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ETHZilla sells $40mm ETH to fund share buybacks; repurchased 600k shares for $12mm since Oct 24

## Summary
- Sold $40 million of ETH on Oct 24; net proceeds to be used for share repurchases.
- Repurchased ~600,000 shares at ~$20 avg price since Oct 24 for ~$12 million.
- Board-authorized $250 million buyback program runs through June 30, 2026.
- Company still holds ~$400 million ETH on balance sheet for future initiatives.
- CEO says repurchases are immediately accretive as shares trade at discount to NAV.

## SEC filing metadata
- accession: 0001213900-25-102560
- form_type: 8-K
- ticker: FRMM
- cik: 0001690080
- company_name: FORUM MARKETS Inc
- filed_at: 2025-10-27T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1690080/000121390025102560/0001213900-25-102560-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1690080/000121390025102560/ea026264901-8k_ethzilla.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-102560
- JSON: https://secwatch.observer/filing/0001213900-25-102560.json
- Plain text: https://secwatch.observer/filing/0001213900-25-102560.txt

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